300 word response on price bidding

May 30th, 2015
Anonymous
Category:
Business Finance
Price: $10 USD

Question description

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. If there is expected goodwill would you be prepared to bid lower to get a contract? Explain your reasons. In 300 words or more, please, provide your response to the above discussion question.

Tutor Answer

(Top Tutor) helpalways
School: Carnegie Mellon University

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Review from student
Anonymous
" Thanks, good work "
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