The _______ Question Should Be Raised When Quotations Are Requested

question 15

Multiple Choice

The _______ question should be raised when quotations are requested. This approach gives the supplier equal opportunity to consider the risks before quoting.

• A) firm price
• B) delivery terms
• C) quality
• D) firm offer
• E) just-in-time

---

Definitions:

Diagram

A basic illustration that depicts the look, framework, or function of something through a schematic outline.

Collude

Collude means to cooperate with others, usually in secret, especially with competitors to achieve a deceitful purpose, like fixing market prices.

Payoff Matrix

A payoff matrix is a table that shows the potential outcomes or payoffs from different strategies chosen by players in a strategic game.

Strategy Combinations

Various tactics or methods combined and deployed by businesses or individuals to achieve desired goals or outcomes.