When Selecting a Vendor,an Organization Needs a Description of the Responsibilities

question 30

Multiple Choice

When selecting a vendor,an organization needs a description of the responsibilities to be outsourced and an invitation to potential providers to present their proposal for carrying out the job.What is this called?

• A)vendor checklist
• B)supplier sequencing
• C)request for proposal
• D)sender request

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Definitions:

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold, including expenses like rent, salaries, and insurance.

Variable Inventory Costs

Variable inventory costs fluctuate with changes in production volume, including costs like raw materials and direct labor.

Special Order

A special order refers to a one-time or unusual request from a customer to purchase goods or services that differ from a company's regular offerings, often requiring unique pricing and production scheduling.

Sales Price

The amount for which a product or service is sold to the customer.