The policy used when contracts are awarded as a result of tender is________

Commerce

JAMB 2019

A. market penetration
B. market skimming
C. Bid Pricing
D. Product Line Pricing

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Correct Answer: Option C

Explanation

Bid pricing is used mostly in government contracts. If the object is to obtain the contract, cost will be considered mainly to determine the level of Minimum Price.

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The policy used when contracts are awarded as a result of tender is________

Correct Answer: Option C

Explanation

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