Essay response should be about 3 pages in length, double-spaced.
Pricing Scenario. Consider a scenario where one of your suppliers has increased their price on the components that your firm buys. Further assume that you have contractual agreement, and your firm is not in a position to change suppliers at this time and your internal costs will be very high to change processes required to switch to another supplier. Also, assume that you are not able to pass this increase to your customers. How would you respond to this situation?
