Which of the Following Is Not an Advantage for New

question 26

Multiple Choice

Which of the following is not an advantage for new companies entering the marketplace?

• A) They can implement new systems and equipment.
• B) They are not locked into an existing brand image.
• C) They are more highly motivated.
• D) They can establish new relationships with suppliers.
• E) They can often hire younger, less expensive workers.

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Definitions:

RFP Stage

The phase in procurement where a Request for Proposal (RFP) is issued to invite bids from potential vendors for a project or service.

Invite Suppliers

The process of asking various suppliers to participate in a bidding process or to propose their goods for procurement.

Product Specifications

A detailed description of the technical aspects, features, and constraints of a product.

Upper Class Hotels

Hotels that offer luxurious accommodations, high-quality services, and numerous amenities, targeting travelers seeking premium experiences.