A Request for Quotation (RFQ)

question 2

Multiple Choice

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.

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Definitions:

Inflation

The speed at which prices for general goods and services go up, resulting in a decline in how much money can buy.

Economy's Overall Price Level

The average of current prices across the entire spectrum of goods and services available in the economy, indicating inflation or deflation trends.

Rising

Describes an increase or upward movement in metrics such as price, quantity, or value.

Base Year

A reference year used for comparative purposes in the calculation of indexes, such as the Consumer Price Index, to measure changes over time.