Buyers may take a proactive role in making market forces work to satisfy organizational needs through:
A) Competitive bidding
B) Administered pricing
C) Channel pricing
D) Mark-up pricing
E) Constrained pricing

Question

Quizplus · Accepted Answer

Competitive bidding allows buyers to solicit bids from multiple suppliers and select the one that offers the best combination of quality, price, and delivery time. By creating competition among suppliers, buyers can ensure that they are getting the best possible value for their money and can negotiate more favorable terms with their chosen supplier. This can help satisfy the organization's needs while also maximizing cost savings.

Buyers May Take a Proactive Role in Making Market Forces