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Competitive tendering is often associated with the _______ model.Question 2Answera.Transactionalb.Collaborativec.Strategicd.Integrated

Question

Competitive tendering is often associated with the _______ model.

Question 2

Answer

a. Transactional
b. Collaborative
c. Strategic
d. Integrated

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Solution

To answer the question regarding the model associated with competitive tendering, let's analyze the options provided:

  1. Transactional: This model typically focuses on individual transactions rather than long-term relationships or partnerships. In competitive tendering, the emphasis is usually on securing a specific contract through competitive bidding, which aligns more with transactional principles.

  2. Collaborative: While collaboration is important in many business contexts, competitive tendering tends not to emphasize collaboration among competing entities. Instead, it encourages firms to compete against each other.

  3. Strategic: This model involves a long-term approach and aligning business strategies with broader organizational goals. Competitive tendering might incorporate strategic aspects, but it primarily focuses on the immediate process of bidding for contracts.

  4. Integrated: Integrated models often consider the entire supply chain or stakeholder involvement, which may not accurately reflect the nature of the competitive tendering process.

Conclusion:

Based on the context and implications of competitive tendering, the most fitting answer would be a. Transactional. This choice encapsulates the essence of competitive tendering, which involves specific, discrete transactions rather than ongoing or collaborative relationships.

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