Competitive bidding and negotiation are most applicable to simple, ready-made goods and services.

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Competitive bidding is most applicable to simple, ready-made goods and services because it allows for clear comparisons based on price and defined specifications. Negotiation, however, is more suited to complex purchases where specifications may not be as clear-cut, allowing for adjustments in terms, conditions, and prices.

Competitive Bidding and Negotiation Are Most Applicable to Simple, Ready-Made