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Charles Wood, purchasing manager for a company that makes golf carts, posted the purchase specifications for the seats on a new golf cart model his firm is building. Four suppliers submitted ________ that included the terms of sale each had to offer.

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Answer:

Competitive bids.

Explanation:

A competitive bid is a type of bidding in which more than one company issues an offer and the best proposal wins. In this case, Charles's company wants to receive proposals for the seats of their new golf cart model. They post the specifications and wait for their suppliers to submit their offers. This way, they can pick the most suitable one for them.