Which of the following BEST describes delayed-quotation pricing?
A) It requires a seller to submit a bid after the closing date.
B) It prevents the competitor from submitting an earlier bid.
C) It allows the final selling price to reflect cost increases incurred between the time the order is placed and the final delivery takes place.
D) It is also known as price-shading bidding.

Question

Quizplus · Accepted Answer

Delayed-quotation pricing allows the final selling price to reflect cost increases incurred between the time the order is placed and the final delivery takes place. It does not require a seller to submit a bid after the closing date, prevent the competitor from submitting an earlier bid, or have any association with price-shading bidding.

Which of the Following BEST Describes Delayed-Quotation Pricing