Asked by
Viktoriia Stelmashchuk
on Dec 05, 2024
Verified
A request for quotation (RFQ) :
A) signals the purchaser has identified a supplier as a potential source of supply and asks for information.
B) asks the supplier to declare at what price and what terms they are prepared to supply.
C) permits the supplier to fit the specifications for supply to its strengths.
D) signals the purchaser has identified a supplier as a potential source of supply and asks for information,and asks the supplier to declare at what price and what terms they are prepared to supply.
E) asks the supplier to declare at what price and what terms they are prepared to supply and permits the supplier to fit the specifications for supply to its strengths.
Request for Quotation (RFQ)
A document issued by a buyer to suppliers, inviting them to submit a bid specifying the pricing and terms under which they would commit to sell a product or service.
- Acquire knowledge on the significance and impact of making requests for information (RFI), asking for quotations (RFQ), and proposing (RFP) in the course of selecting suppliers.
Verified Answer
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Learning Objectives
- Acquire knowledge on the significance and impact of making requests for information (RFI), asking for quotations (RFQ), and proposing (RFP) in the course of selecting suppliers.