Asked by Talyn Rhodes on Jun 20, 2024
Verified
When using competitive bidding to determine prices,the purchaser should ensure that the bidders are:
A) qualified to make the item or service in accordance with the buyer's specifications and able deliver it by the desired date.
B) sufficiently reliable.
C) numerous enough to ensure a truly competitive price.
D) qualified to make the item or service in accordance with the buyer's specifications,able deliver it by the desired date and sufficiently reliable.
E) qualified to make the item or service in accordance with the buyer's specifications,able deliver it by the desired date,sufficiently reliable and numerous enough to ensure a truly competitive price.
Competitive Price
The pricing of goods or services in a manner that is attractive to consumers while remaining sustainable for the business, often used to gain an advantage in the market.
Reliable
Describes something or someone that consistently performs well or maintains effectiveness over time, often used to refer to products, services, or information.
Desired Date
The specific day or time a person or organization wishes an event to occur or a task to be completed.
- Investigate the contribution of competitive bidding to achieving fair prices and promoting competition.
Verified Answer
Learning Objectives
- Investigate the contribution of competitive bidding to achieving fair prices and promoting competition.
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