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When Using a Weighted-Criteria Evaluation System with Five or More

question 16

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When using a weighted-criteria evaluation system with five or more categories,vendors should be ranked based on their score in the two highest weighted categories,the others should be discarded.


Definitions:

Net Exports

The value of a country's total exports minus the value of its total imports.

Infant Industries

Industries in the early stages of development that may be protected from international competition to allow them to grow.

Free Trade

Free trade is a policy to eliminate restrictions on international trade, allowing goods and services to move freely across borders without tariffs, quotas, or other barriers.

Dumping

Selling a good in a foreign country at a lower price than it’s sold for in the domestic market.

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