14. Lowest cost has been the classic criterion for seller selection in procurements of all kinds. Your
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Question:
14. "Lowest cost" has been the classic criterion for seller selection in procurements of all kinds. Your current procurement of high pressure widgets must be cost effective, but also must meet strict technical standards. In this situation, you should instruct your procurement manager to use a ________________ standard for this specific procurement.
A. | Best fit at the lowest price | |
B. | Single source that best fits. | |
C. | Minimal price best fit | |
D. | Lowest price technically acceptable |
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