When a Preferred Supplier Does Not Exist,competitive Bidding and Negotiation

question 79

True/False

When a preferred supplier does not exist,competitive bidding and negotiation are two methods commonly used for final supplier selection.

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Definitions:

Collection Agencies

Companies that pursue the collection of debts on behalf of creditors.

Licensed

Having officially received permission from the relevant authorities to perform, conduct, or carry out a particular activity or service.

Sodium Hydroxide

A highly caustic metallic base and alkali salt commonly used in manufacturing and as a chemical reactant.

Sulphuric Acid

A highly corrosive strong mineral acid with the molecular formula H2SO4, used in various industrial processes.