The Requirements Section in a Request for Proposals Should

question 53

Multiple Choice

The requirements section in a request for proposals should

• A)let bidders know how and when you'll be making a decision.
• B)spell out everything you expect from potential vendors.
• C)provide contact information for someone who can answer detailed questions.
• D)give potential bidders some background information on your organization.

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Definitions:

Initial Price

The original cost set for a product or service at the time it is first offered for sale.

Reference Price

Reference Price is the price point that consumers use as a basis for comparison in judging another price, often influenced by past purchases, advertised prices, or competitors' prices.

Deceptive

Relating to practices or messages that are likely to mislead consumers, especially regarding the true nature, qualities, or benefits of a product or service.

Fictitious

Not real or based on factual events; products of imagination or fabrication.