Question: Briefly explain if the following statements are right or wrong and why? - When the of the B / C ratio of a competitor is

Briefly explain if the following statements are right or wrong and why? - When the of the B/C ratio of a competitor is small, winning this competitor becomes easier to predict. - Friedmans model uses a pessimistic strategy while Gates model uses an optimistic strategy. - In case of high project risk, the use of Gates model is more appropriate than Friedmans.- You should (increase/decrease) your bid markup when you bid against a larger number of competitors than you initially expected. - You should (increase/decrease) your bid markup high risk is involved. - You should (increase/decrease) your bid markup when you need the job badly

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