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-As the price decreases,the behaviour of the data in Column 2 is most consistent with
Request For Tender
A formal, structured invitation to suppliers to submit a bid to supply products or services.
Defined Scope Of Work
A detailed description of the tasks, deliverables, timelines, and expectations for a project, agreed upon by stakeholders.
Procurement Organization
An entity or department within a company responsible for acquiring goods, services, and contracts to meet the needs of its operations.
RFQs
Requests For Quotations, documents issued by a buyer to suppliers, asking them to provide a price quote for a specified product or service.
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