Please respond to the following:
- Describe three key concepts you consider most important in the total cost of ownership.
- Describe how price discounting would influence the understanding of purchasing as a profit center.
- Explain what a small business can apply and how it benefit from strategic cost management. Give at least two examples.
- Describe one of your business negotiation experiences. Explain how your negotiation impacted directly and/or indirectly to the profit and/or the expense of your company or organization. If you do not have business negotiation experience, describe one business negotiation experience you observed or learned about.