In systems buying, the US government often solicits bids from prime contractors. What do prime contractors do?
What will be an ideal response?
The government solicits bids from prime contractors who assemble the package or system. The contractor who was awarded the contract would be responsible for bidding out and assembling the system's subcomponents from second-tier contractors. Thus, the prime contractor provides a turnkey solution.
Business
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What does the gross profit percentage measure? How is it computed?
What will be an ideal response
Business
The empirical measurement of beta can be approached by using least-squares regression analysis to find the regression coefficient (bj) in the equation for the slope of the "characteristic line."
Indicate whether the statement is true or false
Business