BUSSHART KM - PRICING & SALES

Manufacturing companies compete primarily on what factor?

• ^Weight

• ^Sales

• ^Price

• Revenue

What starts the bidding process?

• ^{Invitation to Bid}

• ^Proposal

• ^Presentation

• Power-Point

Which type of bid is restricted to a select group of prescreened manufacturers?

• ^{Open Tender}

• ^{Restricted Tender}

• Request for Proposal

What is the name for a legally binding agreement in which the company agrees to provide products and services?

• ^Bid

• Open Tender

• Contract

• ^{Request for proposal}

Which of the following is not used to calculate the cost of goods sold in a manufacturing business?

• Manufactured cost

• Packaged cost

• Delivered cost

• They are all used

True or False: Legal issues are a component of a bid.

• True

• False

True or False: Timetable for choosing a supplier is one of the components that make up a bid.

• T

• F

True or False: Open tenders is a component of a bid.

• T

• F

If a company does not have enough capacity to consistently meet an order by a certain timeline it can:

• Hire more workers

• Sub contract with a similar company

• Expand operations

• All of the above

True or False: Evaluation of a Request for proposal is based solely on price.

• TRUE

• FALSE