Requests for Quotes (RFQs) Are More Traumatic for Maintaining Healthy

question 14

True/False

Requests for quotes (RFQs) are more traumatic for maintaining healthy relationships between buying and selling firms.

---

Definitions:

Inventory Control

A control that ensures that inventory is only big enough to meet immediate needs.

Predetermined Point

A specific goal, outcome, or condition that is decided in advance before any action is taken.

Balanced Scorecards

A strategic planning and management system used by organizations to align business activities with the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals.

Financial Performance

An assessment of how well an organization uses its assets from its primary mode of business and generates revenues.