Question: JUST NEED AN EXAMPLE THE FIRST TWO ITEMS DO NOT NEED ANSWERED: Discuss the optimal method for procuring inputs that have well-defined and measurable quality

JUST NEED AN EXAMPLE THE FIRST TWO ITEMS DO NOT NEED ANSWERED:

  1. Discuss the optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly specialized investments.
  2. What are the primary advantages and disadvantages of acquiring inputs through this means?

Give an example not used in the textbook that uses this method of procurement.

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