What are the two ways governments make purchases?
A)Cash or credit
B)Contracting previous suppliers and bids
C)Bids and negotiated contracts
D)Lottery system and contract negotiations
E)Request for new purchases and recurring orders

Question

Quizplus · Accepted Answer

Governments typically make purchases through bids and negotiated contracts. Bids involve requesting proposals from various suppliers and selecting the best offer, while negotiated contracts involve selecting a supplier and negotiating the terms and price of the purchase. This process ensures fairness and transparency in government procurement.

What Are the Two Ways Governments Make Purchases