Which part prescribes policies for conducting market research?

The correct choice highlights FAR Part 10, which specifically prescribes the policies and procedures for conducting market research. Market research is a critical step in the acquisition process. It involves gathering information about the marketplace to understand what products, services, and solutions are available, which informs decision-making for federal procurement.

FAR Part 10 emphasizes the need for agencies to conduct thorough market research to identify potential suppliers and ascertain whether sufficient competition exists. This part outlines techniques for conducting market research as well as considerations for documenting findings. It guides contracting officers on how to determine the best sources for their acquisition needs while promoting consideration of various factors impacting competition.

This focus on market research supports the overall goal of ensuring that federal agencies make informed decisions that enhance competition, improve efficiency, and obtain the best value for taxpayers. Other parts of the FAR, while they address other aspects of the contracting process, do not concentrate specifically on the policies for conducting market research, which is why they are less relevant to this question.