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Community Meal Partners (CMP) is a not-for-profit company that delivers cooked meals to older residents...

Community Meal Partners (CMP) is a not-for-profit company that delivers cooked meals to older residents in their homes. CMP uses a fleet of bespoke vans with onboard ovens. In planning the future procurement of the fleet, CMP has conducted a review of the microeconomics of the van supply market and found that the vans are supplied by a monopoly supplier due to patented technology. Which of the following strategies could CMP utilise to optimise its bargaining position with the van supplier?

A.

Publicly seek alternative service solutions

B.

Renegotiate van lease prices with the supplier

C.

Procure shorter-term lease contracts

D.

Conduct regular and frequent tendering

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