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:

Spontaneous Abortion

The natural ending of a pregnancy before the fetus can survive outside the womb, often referred to as a miscarriage.

Genital Herpes

A sexually transmitted infection (STI) caused by the herpes simplex virus (HSV) that results in genital sores and discomfort.

Vulva

The external part of the female genital organs, including the labia majora, labia minora, clitoris, and the opening of the vagina.

Consumer Surplus

The discrepancy between the aggregate amount consumers can and will pay for a product or service and the actual amount they pay.