The Acronym RFP Stands For

question 31

Multiple Choice

The acronym RFP stands for:

• A) request for proposal.
• B) requirement for program.
• C) review of product.
• D) request for product.

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Definitions:

Destination Contract

A type of contract where the seller is responsible for the goods until they are delivered to a specified destination.

Consignment

An arrangement where goods are left in the possession of another party to sell, but the consignor retains ownership until the goods are sold.

On Approval

A conditional agreement for the sale of goods where the buyer is not obligated to complete the purchase unless they approve of the goods.

Risk of Loss

The responsibility for damage or loss of goods during a transaction or while in transit.