Answered: rfp | bartleby

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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A document used to solicit bids from interested and qualified suppliers for goods and services that the organization needs to obtain is called a “rfp” request for approval, true or false?

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True. A request for proposal (RFP) is an archive that solicits proposal, frequently made through a bidding offering process, by an agency or organization keen on procurement of a commodity, valuable asset, or service, to likely suppliers to submit business proposals.RFPs should be utilized when a project is adequately unpredictable, requires a lot of specialized data, solicits hard information for examination and correlation, and accordingly warrants a conventional proposition from a supplier. They're best utilized when the firm truly needs to think about reactions and vendors unbiasedly.

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