Veronica Has to Respond to an RFP with a Proposal

question 64

Multiple Choice

Veronica has to respond to an RFP with a proposal. In her proposal, she needs to ________.

• A) follow the instructions in the RFP
• B) always include the RFP in her proposal
• C) just identify the RFP by name
• D) only mention the tracking number

Calculate the markup based on cost and selling price.

Determine the impact of overhead expenses on pricing and profit.

Analyze and calculate the rate of mark-down necessary to achieve desired profit margins or break-even points.

Apply knowledge of cost, selling price, and profit to evaluate business decisions.

---

Definitions:

FOB Destination

A shipping term that indicates the seller is responsible for the goods and shipping costs until the merchandise reaches the buyer's location.

Trade Discounts

Price reductions granted by sellers to buyers in the commercial chain, often based on volume purchased or during promotional periods.

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity.

Raw Materials

Materials in their natural, unprocessed state used as inputs in production processes.