When Companies Use a _____,They Already Know the Specific Products

question 43

Multiple Choice

When companies use a _____,they already know the specific products or service they want and need to obtain price estimates or bids from vendors.

• A) request for quotation (RFQ)
• B) net present value (NPV)
• C) request for proposal (RFP)
• D) return on investment (ROI)

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Definitions:

Web

A system of interconnected documents and resources, linked by hyperlinks and URLs, accessible over the Internet.

Home Town

The town or city where a person was born or grew up, or where they feel a deep emotional attachment due to long term residence or personal experiences.

Business-IT Alignment

The process of ensuring that an organization's information technology supports and is in harmony with its business strategies and objectives.

Strong Alignment

The state in which a company’s strategies, activities, and resources are cohesively directed towards achieving its goals, often emphasizing a unified direction and purpose.