One Negative Effect of Competitive Bidding Is That Suppliers Don't

question 69

True/False

One negative effect of competitive bidding is that suppliers don't want to invest in expensive, long-term specialized assets as they will be reluctant to agree upon scheduling that will increase a supplier's costs and reduce its profitability.

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Interest Rate

Interest rate is the percentage charged or paid for the use of money, typically expressed as an annual percentage of the principal.

Real GDP

Real GDP, or real gross domestic product, measures a country's total economic output, adjusted for price changes or inflation.

Unemployment Rate

The portion of the labor group that is unoccupied with work but is actively seeking employment.

Personal Tax Rate

The percentage of an individual's income that is paid to the government as tax.