Which of the Following Explains 'Competitive Pricing

question 29

Multiple Choice

Which of the following explains 'Competitive Pricing'? 

• A) The price paid for a product is based upon competitive tendering. 
• B) The price paid for a product is based upon competitive tendering among a number of pre-selected suppliers. 
• C) The price paid for a product is based upon a set fee. 
• D) The price paid for a product is based upon competitive tendering among a number of unknown suppliers.

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Definitions:

Manipulates Others

The act of controlling or influencing others in a deceitful or unethical way, often for personal gain or to meet one's own needs.

Dependent

Relying on someone or something else for support, care, or sustenance.

Limit Setting

The process of establishing clear boundaries and rules to guide acceptable behavior and protect the well-being of individuals and groups.

Provocative

Causing a strong reaction, often deliberately, by presenting challenging or stimulating ideas, situations, or information.