Which of the Following About Solicited Proposals Is True

question 14

Multiple Choice

Which of the following about solicited proposals is true?

• A)Solicitation may come in the form of an indirect verbal or written request.
• B)Normally solicitations are direct,closed-bid to the public,and informally published.
• C)They require a thorough understanding of the market,product and/or service,and their presentation is typically general.
• D)They are often regarded as marketing materials,intended more to stimulate interest for a follow-up contact than make direct sales.
• E)If you have been asked to submit a proposal it is considered solicited.

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Definitions:

Product Quality

A measure of the perceived value, reliability, and performance of goods or services as judged by consumers.

Expensive Advertisement

High-cost marketing activities aimed at promoting products, services, or brands to a wide audience.

Product-variety Externality

An economic condition where the diversity of products benefits consumers more than what is accounted for by the producers, leading to positive external effects in a market.

Business-stealing Externality

A business-stealing externality occurs when the entry of new businesses reduces the demand for existing businesses, potentially lowering profits without necessarily benefiting consumers.