If a =

question 143

Essay

If A =
,determine (a)
,and (b)the order of A.

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Definitions:

RFQ

A Request for Quotation (RFQ) is a business process in which a company asks external suppliers to offer a quote for the supply of specific goods or services under designated conditions.

Reverse Auction

An auction in which the roles of buyer and seller are reversed, with the seller competing to obtain business from the buyer and prices typically decreasing as the auction progresses.

Disintermediation

Elimination of intermediaries in electronic commerce.

Substitute Products

Products that can serve as replacements for each other; when the price of one product rises, the demand for its substitute may increase.