Problem:
Question 1) Discuss the value of gross domestic product and gross national income per capita as measures of market potential in international consumer markets.
Question 2) How likely would each of the following be to use competive bids?
(a) a small town that needed a a road resurfaced,
(b) a scouting organization that needed a printer to print its scouting handbook,
(c) a harware retailier that wants to add a new lawn mower line,
(d) a grocery store chain that need to install new checkout scanners,
(e) a sorority that needs to buy a computer to keep track of member dues. Explain your answer
Provide thorough explanation of every question given in the problem.