What do many government and organizational procurement departments do instead of paying set prices for their purchases?
A) determine the lowest prices available for items that meet specifications
B) approach the supplying industry and get an average estimate of price from all producers
C) always negotiate with favoured suppliers to get exactly what they want
D) call the federal supply agency and place an order with their government-run factory

Question

Quizplus · Accepted Answer

Many government and organizational procurement departments determine the lowest prices available for items that meet specifications through a competitive bidding process or by soliciting quotes from multiple suppliers. This helps ensure they are getting the best value for their purchases.

What Do Many Government and Organizational Procurement Departments Do Instead