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.

Question

Quizplus · Accepted Answer

For a competitive bidding process to be effective, it's crucial that the bidders are not only qualified and reliable but also numerous enough to ensure genuine competition, leading to a truly competitive price. This ensures the purchaser gets the best value for their money.

When Using Competitive Bidding to Determine Prices,the Purchaser Should Ensure