In Executing the Request for Proposal Process to Acquire Hardware

question 58

True/False

In executing the Request for Proposal process to acquire hardware or software, the number of vendors considered is high during the preliminary evaluation and then decreases as more is learned about vendors during the final evaluation.

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Definitions:

Marginal Cost

The cost incurred by producing one additional unit of a product or service.

Price Discrimination

A strategy in pricing where the same provider sells goods or services that are identical or nearly identical at varying prices in distinct markets.

Illegal

refers to activities or actions that are prohibited by law and punishable if violated.

Competition Elimination

The process or strategy of removing or reducing competitors in a market to gain greater market share, either through business practices, mergers, or acquisitions.