Competitive bidding is most effective when all of the following conditions apply except when _____.
A)the buying firm can provide qualified suppliers with clear descriptions of the items or services to be purchased
B)volume is high enough to justify the cost and effort
C)the firm does not have a preferred supplier
D)the item is new or technically complex, with only vague specifications
E)None of these conditions apply to competitive bidding.

Question

Quizplus · Accepted Answer

Competitive bidding is not effective when the item is new or technically complex with vague specifications, as it may not attract enough qualified suppliers to bid or may result in mismatched bids due to the lack of clear specifications. The other conditions mentioned (A, B, and C) are generally necessary for successful competitive bidding.

Competitive Bidding Is Most Effective When All of the Following