A firm is looking to construct a new office. It puts out a request for proposals from contractors inviting their price quotations given certain defined specifications. This is an example of:
A) bid pricing.
B) odd-even pricing.
C) psychological pricing.
D) leader pricing.
E) price lining.

Question

Quizplus · Accepted Answer

This scenario is an example of bid pricing, where contractors are invited to submit price quotations based on specific project specifications.

A Firm Is Looking to Construct a New Office