Which of the following BEST describes delayed-quotation pricing?
a. It requires a seller to submit a bid after the closing date.
b. It prevents the competitor from submitting an earlier bid.
c. It allows the final selling price to reflect cost increases incurred between the time the order is placed and the final delivery takes place.
d. It is also known as price-shading bidding.
Ans: c. It allows the final selling price to reflect cost increases incurred between the time the order is placed and the final delivery takes place.
You might also like to view...
Making positional commitments in a conflict would illustrate which of the following conflict-handling strategies?
a. forcing b. avoiding c. yielding d. problem solving e. compromising
A marketer's fixed costs are $400,000, the variable cost is $16 per unit, and the price of the product is $24 per unit. What is the company's break-even point in dollar sales?
What will be an ideal response?