Buying firms use competitive bidding when _____ is a dominant criterion and the required items or services have ______ specifications.

Question

Quizplus · Accepted Answer

Competitive bidding is often used when price is the dominant criterion, and the required items or services have straightforward specifications that leave little room for variation. This allows the buying firm to compare different suppliers' prices and select the most cost-effective option.

Buying Firms Use Competitive Bidding When _____ Is a Dominant