Delayed-quotation pricing:
A) requires the seller will place a later date on the product invoice to help accounts receivable in recording transactions
B) allows the final selling price to reflect cost increases incurred between the time the order is placed and the final delivery takes place
C) prevents the competitor from submitting an earlier bid
D) requires a seller to submit a bid after the closing date
E) 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. This allows the seller to adjust the price to ensure they still make a profit, even if their costs have increased.

Delayed-Quotation Pricing