Q
'Value for money' under Rule 2(1)(l) means best returns for each rupee spent in terms of all of the following EXCEPT:
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A
Quality and timeliness
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B
After-sales service and upgradeability
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C
Combination of whole-life cost and quality
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D
Lowest price alone
Correct Answer:
D. Lowest price alone
Explanation:
VfM = quality, timeliness, reliability, after-sales, upgradeability, price, source and whole-life cost + quality. It is not 'lowest price alone'.