A(n)____ is a document used to solicit quotes or bids from prospective suppliers.
A)RFQ
B)RFP
C)COW
D)SOW

Question

Quizplus · Accepted Answer

An RFQ (Request for Quotation) is a document used to solicit quotes or bids from prospective suppliers. It typically outlines the product or service requirements, as well as the terms and conditions of the purchase. It is commonly used in procurement processes to compare offers from multiple suppliers and select the most suitable one.

B) RFP (Request for Proposal) is also a document used to solicit offers from suppliers, but it typically requires more detailed information and a more comprehensive proposal than an RFQ.

C) COW (Certificate of Work) and D) SOW (Statement of Work) are not related to soliciting bids or quotes from suppliers.

A(n)____ Is a Document Used to Solicit Quotes or Bids