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. Respond substantively to at least two of your classmates’ postings. Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.
Explanation & Answer
Running Head: GOOD WILL IN PRICE BIDDING
Good Will in Price Bidding
Institution Affiliation
Date
Introduction
1
Running Head: GOOD WILL IN PRICE BIDDING
2
A bidder on a work contract may bid lower that would maximize his/her profit. This does
not mean that the bidder sets the price lower than the price it cost them but rather means that the
bidder doesn’t get as much credit as they would have.
Overview
I wou...
Review
Review
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Similar Content
Related Tags
Murder on the Orient Express
by Agatha Christie
And Then There Were None
by Agatha Christie
Notes from Underground
by Fyodor Dostoyevsky
The Old Man and the Sea
by Ernest Hemmingway
The Metamorphosis
by Franz Kafka
The Prince
by Niccolò Machiavelli
The Splendid and The Vile
by Erik Larson
Untamed
by Glennon Doyle
Fear - Trump in the White House
by Bob Woodward