Respuesta :
The contractor must take these elements into account when developing the proposal price.
Reputation In today's competitive marketplace, it is essential for the contractor to protect both his own reputation and the reputation of his clients because word of mouth plays a crucial role in business.
Capital This aspect must be evaluated at the beginning of doing business with customers because there are instances in which projects are abandoned midway due to a lack of capital.
The contractor's ability to win the project must be evaluated and taken into account in the proposal.
We can easily determine, based on the aforementioned factors, that it will be difficult to develop and win the proposal framework due to the fact that price is generated by the effort put in to produce high-quality goods that meet the highly uncertain needs of the general public.
What is a sign of a market that is competitive?
characteristics of a market with perfect competition. Firms can enter or exit the industry regardless of their location or business needs. Assets are allowed to move and makers can sell their result in a market. Exceptional data.
Learn more about competitive marketplace here:
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