What is the main advantage of a tender sale method over an auction?
Correct Answer
B) It allows private, sealed offers that can include flexible terms.
Tender sales allow purchasers to submit private, sealed offers that can include various terms and conditions, not just price. This privacy and flexibility can be advantageous when vendors want to consider factors beyond the highest monetary offer.
Why This Is the Correct Answer
A tender invites sealed offers by a deadline. Buyers can propose their own price and terms, and the vendor can weigh terms such as settlement and conditions, not just the highest figure.
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