Identical prices received from various sources should:
A) be expected when the specification is highly customized.
B) always make the buyer suspicious of collusion.
C) only draw attention if the buyer is dissatisfied with the price quoted.
D) draw attention if the specification is complex or detailed.
E) result in the buyer taking legal action against all bidders.
Correct Answer:
Verified
Q7: A cash discount allows:
A)the seller to secure
Q9: The prime function of an organized commodity
Q11: Items for which prices are comparatively low,
Q12: Competitive bidding, in general, is the least
Q13: The market approach to pricing:
A) means prices
Q15: Most direct costs are:
A) variable costs.
B) overhead
Q16: The Robinson-Patman and Sherman Antitrust Acts are
Q17: Canceling a contract for a technicality when
Q18: Governments play a role in establishing prices
Q19: If the buyer wants to motivate the
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