Negotiation preferred over competitive bidding


Question: Which condition clearly indicates that negotiation is preferred over competitive bidding?

(a) Dollar volume of the potential buy is very large,

(b) Product isn't actually needed until five months into the future,

(c) Each firm that is competing is a technical giant in the field,

(d) There will be substantial pre-production engineering and tooling required.

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Strategic Management: Negotiation preferred over competitive bidding
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