Which Bidding Approach Is Used When the Buyer-Supplier Relationship Is

question 94

Multiple Choice

Which bidding approach is used when the buyer-supplier relationship is transactional,items are standardized,and price is the predominant selection criterion?

• A)online reverse auctions
• B)competitive bidding
• C)negotiations
• D)English auctions

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Definitions:

Poisson Distributed

Poisson distributed is a statistical distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space if these events happen with a known constant mean rate and independently of the time since the last event.

Poisson Distribution

A statistical distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space, assuming these events occur with a known constant mean rate and independently of the time since the last event.

Automated Car Wash

A facility using machinery and automated processes to clean vehicles without human handwashing.