Question 1) Although Jennifer believes that public sector procurement has the same set of objectives as private sector procurement, she also understands there must be some differences. Apply what you learned in this course to outline the similarities and differences in public and private sector procurement.

Question 2) Jennifer knows that the purchasing price is only an element of cost to consider particularly in evaluating capital goods purchasing. She understands that the evaluation of capital goods purchasing should be based on the concept of Total Cost of Ownership (TCO). Recognise the cost components of TCO.