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 used when price is the dominant criterion and the required items or services have straightforward specifications. Choice A is not correct because unique items or services are not typically subject to competitive bidding. Choice B is not correct because product performance, rather than price, is the dominant criterion. Choice C is incorrect because straightforward specifications do not necessarily require competitive bidding. Choice D is incorrect because unique product design does not necessarily require competitive bidding either.

Buying Firms Use Competitive Bidding When ____ Is a Dominant