In a _____, the price stated in the agreement does not change, regardless of fluctuations in general overall economic conditions, industry competition, levels of supply, market prices, or other environmental changes.
A)blanket purchase order
B)RFQ
C)cost-based contract
D)material purchase release
E)fixed-price contract

Question

Quizplus · Accepted Answer

A fixed-price contract locks in the price of the goods or services, meaning that it does not change regardless of external factors. The other options do not necessarily guarantee a fixed price.

In a _____, the Price Stated in the Agreement Does