In the Framework for Strategic Cost Management,____ Are High-Value Products

question 19

Multiple Choice

In the framework for strategic cost management,____ are high-value products or services and can be sourced through traditional bidding approaches that require price analysis using market forces to do the work and identify what is a competitive price.

• A) critical products
• B) unique products
• C) custom-made products
• D) generics
• E) commodity products

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Definitions:

Potential Vendors

Businesses or individuals that may be considered as suppliers or providers of goods and services, but have not yet been selected or contracted.

Synopsis

A brief summary of the main points of a larger work or presentation.

Executive Summary

A brief section at the beginning of a document, report, or proposal, summarizing the main points for a quick overview.

Unsolicited Proposal

A proposal submitted to an organization that has not requested it, often aiming to solve a perceived problem or offer services.