Because orders in organizational buying are typically much larger than in consumer buying, buyers must often when the order is above a specific amount, such as $5,000.

get competitive bids from at least three prospective suppliers

Explanation:

In these specific situations, organizational buyers must often get competitive bids from at least three prospective suppliers. This is because due to the fact that the purchasing amounts are very large there can also be large amounts of money saved by saving a couple of percentages on a purchase. Also since the seller can make large profits from a large order like this one, most suppliers place competitive bids in order to win the transaction.

turnover

the amount of money taken by a business in a particular period.