Asked by Blade McKee on Jun 17, 2024
Verified
Items for which prices are comparatively low and the cost of price reduction efforts may exceed any price savings realized are:
A) parts,components,and packaging.
B) raw materials.
C) maintenance,repair,and operating supplies.
D) services.
E) capital assets.
Price Reduction
A decrease in the price of goods or services, often used as a strategy to increase sales or market share.
Maintenance, Repair
Activities and processes aimed at keeping equipment or facilities in working order and restoring them to operational condition after damage or wear.
Operating Supplies
Items that are consumed during the day-to-day operations of a business, including stationery, cleaning products, and small tools.
- Evaluate the role of competitive bidding in ensuring fair and competitive prices.
Verified Answer
Learning Objectives
- Evaluate the role of competitive bidding in ensuring fair and competitive prices.
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