Here the firm charges a price that is based on the price of the competitors.
It is a competition oriented method of pricing. Here, the firms go for competitive bidding through sealed tenders or quotations. They seek the best (lowest possible) price consistent with the minimum quality specification.
Latest posts by BMS Team (see all)
- Meterdown Annual Festival is back with its 7th edition – Starts today! - January 16, 2020
- Tybms sem 6 results 2019 declared on 19th June 2019 - June 19, 2019
- TYBMS Sem 6 Results 2019 Update from BMS khabri! - June 15, 2019