Asked by Azreen Azahari on Jun 15, 2024
Verified
The process for bidding in the public sector is generally similar to the private sector,although there are a few important differences.
Public Sector
The part of the economy that is controlled by the government, encompassing public services and enterprises.
Private Sector
The part of the economy that is owned and operated by individuals and companies for profit, not controlled by the state.
Bidding
The act of offering a specific price for something, especially in the context of an auction or public sale.
- Assess the effect of competitive bidding on maintaining fairness and competitiveness in pricing.
Verified Answer
Learning Objectives
- Assess the effect of competitive bidding on maintaining fairness and competitiveness in pricing.
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