Examlex
In the term pneumonia, what does the root mean?
Recoups All Costs
A situation where the total expenses of an investment or project are fully recovered.
Competitive Bidding
Competitive bidding is a procurement process where several suppliers submit bids to win a contract, offering the best terms in terms of price, quality, and service.
Firm Bidding
A bidding process where the bid price is fixed and non-negotiable, often used in contexts requiring budget adherence or strict cost controls.
Target Cost
is the estimated price at which a product needs to be sold in the market, guiding the design and manufacturing process to ensure profitability.
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