Which of the following is the most common form of "competitive bidding"?
A)Auctions
B)Sales
C)Price bundling
D)Putting out to tender

Question

Quizplus · Accepted Answer

Putting out to tender is the most common form of competitive bidding. It involves requesting bids from multiple suppliers or contractors for a specific project or purchase, and choosing the best offer based on price, quality, and other relevant factors. Auctions and sales are forms of competitive pricing, while price bundling involves offering multiple products or services for a discounted price.

Which of the Following Is the Most Common Form of "Competitive