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Questions and Answers
What is the process of obtaining seller responses, selecting a seller, and awarding a contract known as?
What is the process of obtaining seller responses, selecting a seller, and awarding a contract known as?
- Procurement acquisition phase
- Supplier bidding procedure (correct)
- Vendor evaluation process
- Contract negotiation cycle
What is the term for the phase in which a seller is chosen and a contract is awarded?
What is the term for the phase in which a seller is chosen and a contract is awarded?
- Bid assessment phase
- Vendor selection stage
- Contract award process (correct)
- Supplier prequalification round
What is the name given to the process of evaluating and choosing a seller for contract award?
What is the name given to the process of evaluating and choosing a seller for contract award?
- Seller proposal assessment (correct)
- Purchasing decision-making cycle
- Supply chain procurement stage
- Vendor performance evaluation
Which process involves evaluating and selecting a seller for contract award?
Which process involves evaluating and selecting a seller for contract award?
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What is the phase in which seller responses are obtained, a seller is selected, and a contract is awarded?
What is the phase in which seller responses are obtained, a seller is selected, and a contract is awarded?
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Which process includes the activities of obtaining seller responses, selecting a seller, and awarding a contract?
Which process includes the activities of obtaining seller responses, selecting a seller, and awarding a contract?
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