Would you be prepared to bid lower to get a contract

Assignment Help Business Economics

Reference no: EM13179491

Sometimes, a bidder on a work contract may bid lower than what would maximize his/her profit from the contract and the reason for that is to create goodwill (to increase expected future business from the buyer). How would you value the goodwill that is obtained in this way? Guided Response: Think about an example that pertains to you.( health care) If there is expected goodwill would you be prepared to bid lower to get a contract?

Reference no: EM13179491

Questions Cloud

Explain the heat capactiy of the calorimeter : The heat capactiy of the calorimeter is 1630 J/degrees celsius, and the inital temperature was 24.58 degrees celsius. What was the final temperature in degrees celsius?

What are the impacts of the shortcomings of the gdp : Is the GDP measure underestimating or overestimating national production and total income in the economy? Why? What are the impacts of the shortcomings of the GDP as a measure of the national product and national welfare.

Explain what is the enthalpy change for the reaction : The combustion of 13.2 g of propane, C3H8 (g), liberates 6.6x10^3 kJ of heat. What is the enthalpy change (kJ) for the reaction?

Explain what is the specific heat of metal : The temperature risese to 19.1 degrees celsius. Neglecting the heat capacity of the container, what is the specific heat of metal? The specific heat of H2O (l) is 4.18 J/(g*C)

Would you be prepared to bid lower to get a contract : How would you value the goodwill that is obtained in this way? Guided Response: Think about an example that pertains to you.( health care) If there is expected goodwill would you be prepared to bid lower to get a contract?

Explain the law of definite proportion : The law of definite proportion would predict that a 70.0 g gram sample of chemical X should contain how many grams of nitrogen?

Explain the reason behind growth disparities among countries : Why resources are no longer the most important indicators of economic growth disparity among countries? Which other economic and non-economic factors do you think explain the reasons behind growth disparities among countries?

Explain the pressure in the container falls : Two molecules of 1,3-butadiene (C4H6) react to form 1,5-cyclooctadiene (C8H12). As the Reaction proceeds, the pressure in the container falls, because two gas molecules are consumed to produce one product molecule.

Describe the source of economies of scale : Economists call the pursuit of a transfer of wealth through government at someone else's expense:The primary force encouraging the entry of new firms into a purely competitive industry is: The field of economics that analyzes government decision maki..

User Account

All Pages