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Q. Right quality means

Q. ………….is applied where production is carried out as per specific order and customer specifications.

Q. The term……………..is defined as a system that ensures the provision of the required quantity of material of the required quality at the required time with the minimum amount of capital.

Q. The cost that remains unchanged in spite of change in volume of production is known as………….

Q. ‘Buffer stock’ is the level of stock

Q. ……………..cost is the cost of commodities supplied to an undertaking.

Q. __________ is a formal invitation to submit a price for goods and / or services as specified.

Q. The __________ specification describes, defines or specifies the goods / services to be supplied. Performance

Q. …………..cost represents the increase or decrease in total cost which occurs with change in output.

Q. There are four methods of government procurement. Which is not one of these methods?