A request for proposals (RFP)____________________.

Question

Quizplus · Accepted Answer

A request for proposals (RFP) is typically the starting point for vendors in the B2B market, as it outlines the customer's requirements and expectations for a product or solution. Vendors then use this information to put together their proposal or bid. Option A is incorrect because a successful bid would be the end point, not the RFP itself. Option C is also incorrect because companies may still bid if they cannot meet all the guidelines, but they may not be competitive. Option D is incorrect because the RFP process can be time-consuming for vendors.

A Request for Proposals (RFP)____________________