A company will bid near the minimum sales price to establish a presence in new markets or with a new customer.

Question

Quizplus · Accepted Answer

Yes, it is true that a company will bid near the minimum sales price to establish a presence in new markets or with a new customer. This is because the company may not have an established reputation or customer base in the new market, and bidding near the minimum sales price can help it win the business and build its brand.

A Company Will Bid near the Minimum Sales Price to Establish