With Regard to Bid Pricing, a Marketing Manager Should Be

question 222

Multiple Choice

With regard to bid pricing, a marketing manager should be aware that:

• A) the same overhead charges and profit rates usually apply to all bids.
• B) bids are usually based on inspection.
• C) a big problem is estimating all the costs-including the variable and fixed costs that apply to a particular job.
• D) e-commerce is of little use in bid pricing.
• E) None of these alternatives is correct.

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Definitions:

Group Conformity

The act of aligning one's attitudes, beliefs, and behaviors with those of a group, often due to social pressure or the desire for acceptance.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Engine Repairs

The process of diagnosing and correcting issues within an engine to restore its proper functioning.

Mechanics Class

A course of study focused on the principles of physics and engineering that applies to the design, analysis, and maintenance of mechanical systems.