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31 July, 11:16

A firm is looking to construct a new office. It puts out a request for proposals from contractors inviting their price quotations given certain defined specifications.

This is an example of:A. bid pricing. B. odd-even pricing. C. psychological pricing. D. leader pricing. E. price lining.

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  1. 31 July, 11:28
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    Answer: Option (A)

    Explanation:

    Here, in this particular case the organization's request for a bid from the contractor is an example of bid pricing. Under this scenario, the bid pricing is referred to as the price that is known to be offered for the product, service, or a contract. It is also referred to as the "bid" in several markets, industries and administration.
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Home » Business » A firm is looking to construct a new office. It puts out a request for proposals from contractors inviting their price quotations given certain defined specifications. This is an example of:A. bid pricing. B. odd-even pricing. C.
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