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
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 RFQ

Question

Quizplus · Accepted Answer

If the buyer already has a preferred supplier for the item, then competitive bidding may not be effective as it may not drive prices down or result in better quality options.

All of the Following Are Conditions Under Which Competitive Bidding