Which Section of an RFP Includes Information on What the Proposal

question 36

Multiple Choice

Which section of an RFP includes information on what the proposal should look like,how it should be submitted,and how many copies should be included?

• A)Decision criteria
• B)Proposal requirements
• C)Submission information
• D)Contact information
• E)Project description

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Definitions:

Marginal Cost

The increase in total production cost that arises from producing one additional unit of a good or service, providing insight into the cost mechanics of scaling up operations.

Competitive

A market characteristic where multiple firms or entities vie for customers, influencing prices, quality, and services in the process.

Market Price

Market Price is the current price at which a good or service can be bought or sold in a marketplace.

Competitive Price-Taker

A market participant who must accept the prevailing market prices because they have no influence over those prices due to their small market share.