________ are routinely used in all business when a firm desires supplier firms to present proposals or bids.
A)RFPs
B)MOA
C)MRP
D)SWOT
E)GIs

Question

Quizplus · Accepted Answer

RFPs (Request for Proposals) are commonly used when businesses want suppliers to submit proposals or bids for a project or contract. They provide detailed requirements for the project and ask for responses from potential suppliers. MOA (Memorandum of Agreement) refers to an official document outlining the terms and details of a partnership or agreement between two parties. MRP (Material Requirements Planning) is a production planning system used to manage materials and inventory in manufacturing. SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis is a strategic planning tool used to evaluate a company's internal strengths and weaknesses and external opportunities and threats. GIs (Geographic Indications) are indications unique to a specific geographical location or origin, used to identify products with a particular quality or reputation associated with that location.

________ Are Routinely Used in All Business When a Firm