Author Question: Firm fixed price contracts are generally applicable when the goods or services procured are ... (Read 51 times)

amal · **on:** Jun 29, 2018

Firm fixed price contracts are generally applicable when the goods or services procured are expensive, complex, and important to the purchasing party or when there is a high degree of uncertainty regarding labor and material costs.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Large supermarkets have selected small food manufacturers to provide natural food items for their stores because:
a. Customers are demanding products made by small manufacturers.
b. Of the small manufacturer's credibility.
c. Large supermarkets can exert greater control over small manufacturers.
d. Costs to the supermarkets are lower.
e. Small food manufacturers are offering large incentives.