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Steps for shopping (works/goods)
Now that we are aware of the requirements for shopping, let us understand the steps involved in shopping:
1. Issue requests for quotation (RFQ) to selected contractors/suppliers.
2. Collect quotations by the selected contractors/suppliers.
3. Public opening of quotations.
4. Evaluate quotations by preparing comparative statement as per method of evaluation given in RFQ.
5. Select lowest responsive and qualified contractor/supplier.
6. Issue of work order (for works)/supply order (for goods).
Selection of Sources: A good approach to literature search is looking up a bibliography, an encyclopaedia or a review publication. This provides background information as also
Literature Search Services: Literature search service is considered as an extension of reference service. An important aspect of literature search service is ascertaining the
Guidelines for conducting a competitive negotiation The most important rule in conducting a complex negotiation is that you should have done the planning for it and you should
QUESTION (a) Define Social Environment (b) Discuss, with examples, the impact of Social Environment on Business (c) Critically analyze the role of business in the develop
factors influencing demand
Beta of a share Financial analysts often talk of the beta (b) of a share. We will describe what the beta signifies and the method commonly used to estimate it in this section.
QUESTION a) Define cost benefit analysis as used to appraise large public sector investments b) Compare and contrast cost benefit analysis with investment appraisal c) Ex
QUESTION 1 Discuss the strategic decision making process. Support your answer with examples from an industry of your choice QUESTION 2 a) What are SBUs and how effectiv
TYPES OF SAMPLING: Sampling plans can be grouped under two categories-probability sampling and non-probability sampling. Probability sampling uses a technique by which the r
QUESTION 1 a) Explain what you understand by strategic analysis b) What tools are available for environmental scanning? Select one and discuss its main components, supportin
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