answersLogoWhite

0

When insider information is circulating or when there is an arrangement between the bidders. That would cheat the purpose of competitive bidding.

User Avatar

Wiki User

9y ago

What else can I help you with?

Continue Learning about Marketing

Examples of by-product pricing?

a pricing method used in situations where a saleable by-product results in the manufacturing process. If the by-product has little value, and is costly to dispose of, it will probably not affect the pricing of the main product; if, on the other hand, the by-product has significant value, the manufacturer may derive a competitive advantage by charging a lower price for its main product.


What is United Parcel Service's Competitive ad?

The slogan that is used in may of United Parcel Service's (UPS) ads is "What can brown do for you?"


What is business strategies?

A term used in business planning that implies a careful selection and application of resources to obtain a competitive advantage in anticipation of future events or trends.


What is adversarial strategies?

Adversarial strategies refer to tactics employed in competitive situations where one party seeks to undermine or outmaneuver another. Commonly used in fields like game theory, negotiation, and cybersecurity, these strategies involve anticipating an opponent's moves and responding in ways that exploit their weaknesses. Such approaches can include deception, manipulation, or aggressive tactics designed to gain an advantage. The effectiveness of adversarial strategies often hinges on the ability to accurately predict the actions and reactions of adversaries.


Which type of differentiation is used to gain competitive advantage?

Differentiation based on unique product features, quality, customer service, or brand reputation is commonly used to gain competitive advantage. By offering something distinct that meets specific customer needs or preferences, companies can attract and retain customers, allowing them to command higher prices and foster brand loyalty. This strategic approach helps businesses stand out in crowded markets and can lead to increased market share and profitability.

Related Questions

What are some of the situations when competitive bidding can't be used?

when can't competitive bidding be used


What is the purpose and strategy behind a bridge takeout double in a competitive bidding situation?

A bridge takeout double is used to show support for the unbid suits and to ask partner to bid their longest suit. It is a strategic move to disrupt the opponents' bidding and find the best contract for your partnership.


What is the Roman Key Card Blackwood bridge convention and how is it used in competitive card games?

The Roman Key Card Blackwood bridge convention is a bidding system used in the card game bridge to determine the number of key cards (aces and the king of trumps) held by the partnership. It is used to assess the strength of the partnership's hands and help them decide on the final contract to bid. This convention is commonly used in competitive bridge games to exchange information about key cards and make more informed bidding decisions.


How can game theory be applied to analyze strategic decision-making in competitive situations?

Game theory can be used to analyze strategic decision-making in competitive situations by modeling the interactions between different players and predicting their choices based on rational behavior. This helps in understanding the possible outcomes and strategies that can be employed to achieve the best possible outcome in a competitive environment.


Why are dynamic addresses used in some situations?

M.k.bagari.facebook.com9636242220


When do you use competitive bidding?

Competitive bidding is used when organizations seek to procure goods or services at the best possible price while ensuring quality and compliance with requirements. It's commonly employed in public sector contracts and large projects to promote transparency, fairness, and equal opportunity among suppliers. This process encourages competition, which can lead to cost savings and improved service delivery. Additionally, it is useful when multiple suppliers are available, enabling the buyer to evaluate options effectively.


How has the Supreme court ruled on executive privileges?

it can be used in some situations


What are some synonyms for the word 'intimidation'?

Intimidation is often used to indicate that one is threatening someone into doing their bidding. Some synonyms include "force," "subdue," and "terrorize."


What is a bidding box?

A bidding box is a term used in bridge for a box holding cards with calls printed on them, allowing a player to bid without speaking.


What are some examples of real life situations where addition of fractions are used?

chinese


What are some devices that are used for temporary work zone situations?

cones and flaggers


What are some popular Selesnya cards in Magic: The Gathering that are commonly used in competitive play?

Some popular Selesnya cards in Magic: The Gathering that are commonly used in competitive play include Knight of Autumn, Voice of Resurgence, and Trostani, Selesnya's Voice.