Which Is a Disadvantage of a Request for Proposal (RFP)

question 38

Multiple Choice

Which is a disadvantage of a request for proposal (RFP) ?

• A)A lengthy time frame for preparation makes an RFP less appealing.
• B)The limited time allotted for the evaluation of an RFP makes the process tedious.
• C)In an RFP, every vendor gets different information, resulting in unfair bids.
• D)In an RFP, different vendors have different deadlines for submitting bids.

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Definitions:

Formality

The degree to which actions, processes, or relationships in professional settings are governed by established rules and procedures.

North American Free Trade Agreement

A trilateral trade bloc in North America created to reduce trading costs, increase business investment, and help North America be more competitive in the global marketplace.

Tariffs

Taxes imposed on imported goods, intended to regulate trade, protect domestic industries, or generate revenue for the government.

Power Distance

A cultural dimension that reflects the extent to which inequality and power disparities are accepted and endorsed by individuals in a society or organization.