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Bidding is a process in which you quote money in exchange of goods or services through an auction. They are two types of auctions: open auction and silent auction. In an open auction, interested parties compete for acquisitions by offering a higher bid than the offer that is currently on the table and higher than the competitive bidders. In silent auction, there is no quote on table; the quoted bid is the maximum price that the bidder is willing to pay for the goods or services.
The most widely used methods of bidding are as follows:
What do you mean by differentiation in organisation structure? Differentiation implies differences in cognitive and emotional orientation in between managers in various departm
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Disadvantages of participative management: There are also disadvantages to participative decision-making. Implementation of the tough decisions taken by the management th
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What are the Disadvantages of Division of Labour? Disadvantages of Division of Labour are as follows: a. Division of labour provides rise to loss of craftsmanship, workers t
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Quality is actually built into the product during its manufacturing. The manufacturing of a product requires a host of activates involving different departments and sect
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