Examlex
If lower-level employees provide input or are actually given the discretion to make decisions, the organisation is more ________.
RFQ
A Request for Quotation (RFQ) is a business process in which a company asks external suppliers to offer a quote for the supply of specific goods or services under designated conditions.
Reverse Auction
An auction in which the roles of buyer and seller are reversed, with the seller competing to obtain business from the buyer and prices typically decreasing as the auction progresses.
Disintermediation
Elimination of intermediaries in electronic commerce.
Substitute Products
Products that can serve as replacements for each other; when the price of one product rises, the demand for its substitute may increase.
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