It is often said that if the quality of goods provided by two suppliers is identical, purchasing goods based on the lowest price is the best strategy. When is this true and when is it not true?
Give an explanation and provide support for your answer.

Answer rating: 100% (QA)

When it is True 1 Commoditized Goods In markets where goods are highly standardized and easily substitutable choosing the lowestpriced option can be a... View the full answer