The seller/buyer relationship is based on a signed ________.
A) RFQ
B) RFP
C) SOW
D) contract

Question

Quizplus · Accepted Answer

The seller/buyer relationship is a legally binding agreement and is formalized through a contract that outlines the terms and conditions of the sale/purchase. RFQ (Request for Quotation), RFP (Request for Proposal), and SOW (Statement of Work) are all documents that may be used in the procurement process but they are not the same as a contract.

The Seller/buyer Relationship Is Based on a Signed ________