All of the following are conditions under which competitive bidding is effective except _____.
A)the buyer has a preferred supplier for the item
B)volume is high enough to justify this method
C)the marketplace is competitive
D)the specifications or requirements are clear to the seller
E)adequate time is available for suppliers to evaluate the RFQs

Question

Quizplus · Accepted Answer

Competitive bidding is not effective if the buyer already has a preferred supplier for the item. This would result in the bid being biased towards the preferred supplier and not truly competitive. Therefore, in this scenario, competitive bidding may not be effective in obtaining the best value for the buyer.

All of the Following Are Conditions Under Which Competitive Bidding