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xz_007 [3.2K]
3 years ago
15

Discuss the optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly

specialized investments.
Business
1 answer:
lubasha [3.4K]3 years ago
4 0

Answer:

By formation of legally binding contract.

Explanation:

Contacts are a good way for procuring inputs that have well-defined and measurable quality specifications and require highly specialized investments. Because of the high quality expected in the goods procured, having a legally enforceable contact will make the vendor provide high quality products that meets required specifications.

However when contracts dictate a particular price, so if the market price of input were to go down we will still be obligated to buy at the higher price from the vendor.

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