Certified Meeting Professional (CMP) Practice Exam

What does the low bid approach primarily focus on in the context of event planning?

1. Quality of service

2. Lowest price

3. Experience of the staff

4. Specific needs of the event

The correct answer is: Lowest price

The primary focus of the low bid approach in event planning is indeed the lowest price. This method prioritizes obtaining the most cost-effective services and supplies to fit within a budget, often seeking to minimize overall expenditures without necessarily considering other factors such as quality or experience. While cost management is important in event planning, the low bid approach can sometimes lead to compromises in service quality or provider experience since it emphasizes affordability above all else. This approach is common in situations where budget constraints are a key concern and can influence decisions regarding venues, catering, and other critical components of the event.