Question

St. jude's hospital decides to redo its kitchen with new flooring, cabinets, counters, and appliances. the hospital compiles a description of the project and then asks sellers to submit bids. after determining the most attractive bids, the hospital will then work with two or three companies to determine who will get the contract. this is an example of using ____ for a purchase decision. a. elimination b. negotiation c. inspection d. description e. sampling

Answer 1

The correct answer is "negotiation".

Negotiation can be characterized as a procedure of arranging, checking on and dissecting utilized by a purchaser and dealer to achieve an understanding or bargain. Negotiation covers all parts of business and not simply cost. It is a decision making process. Negotiation is basically identifying with quality, date of conveyance, costs and so on so a settlement is reached.