The Process by Which Buyers Ask a Number of Potential

question 142

Multiple Choice

The process by which buyers ask a number of potential suppliers to submit price quotes on a proposed purchase or contract,of which the lowest will be accepted,is called:

• A)specification.
• B)competitive bidding.
• C)noncompetitive bidding.
• D)competitive pricing.

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Definitions:

Reliability

The quality of being dependable or able to produce consistent results over time.

Source Code

The human-readable instructions and statements written by programmers in a programming language, which are then compiled or interpreted into executable software.

Proprietary

Refers to technology, software, or processes owned exclusively by an organization or individual, often protected by copyright or patents.

Developer

A professional who creates and maintains software or applications, skilled in programming languages and software development methodologies.