Part 1Among the different forms of fixed-price contracting,Â

Part 1Among the different forms of fixed-price contracting, determinethe single most significant form that you believe would benefit thesmall-business owner the most. Explain your answer.Part 2Analyze how the small-business owner can take advantageof economic price adjustment. Give your opinion of what you believe wouldhappen if the present economic situation changes the direction of theseadjustments. Explain your answer.