Which of the following terms best describes the process by which a local government makes a purchase from the state government's price list?
A) Vending
B) Request for Quotation
C) Sole Source Procurement
D) Cooperative Purchasing

Question

Quizplus · Accepted Answer

Cooperative Purchasing refers to the practice where government entities collaborate to leverage their buying power for better terms and prices on products and services. When a local government makes a purchase from the state government's price list, it is participating in a form of cooperative purchasing, taking advantage of pre-negotiated contracts to save time and resources.

Which of the Following Terms Best Describes the Process by Which