The primary means by which organizations solicit proposals is the RFP. RFP stands for _____.
A) requested financial proposition
B) regulations for proposals
C) request for proposals
D) request for price
E) rules for proposals

Question

Quizplus · Accepted Answer

RFP stands for "request for proposals." It is a document that is used by organizations to solicit proposals from potential vendors or contractors for a specific project or service. The RFP outlines the requirements, expectations, and evaluation criteria for the project and provides guidance for vendors to craft their proposals. It is a crucial step in the procurement process for many organizations.

The Primary Means by Which Organizations Solicit Proposals Is the RFP