Question: 2. What is the difference between an RFP and an RFQ? Give two specific examples where an RFQ could be used and two specific

2. What is the difference between an RFP and an RFQ? Give 

2. What is the difference between an RFP and an RFQ? Give two specific examples where an RFQ could be used and two specific examples where it is more likely that the organization will go with an RFP. (Use examples NOT from your textbook.)

Step by Step Solution

3.34 Rating (148 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

An RFP Request for Proposal and an RFQ Request for Quotation are both procurement documents used by organizations to solicit bids or proposals from su... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!