**Please answer with the listed answer, clearly identify the choice made

A)) A(n) _____ asks potential suppliers to propose one or more options for meeting the needs of the buyer. A(n) _____ is based on the premise that suppliers know their business better than the buyer does and can, therefore, suggest the best ways at different cost structures to provide the requirement. The buyer will typically negotiate price and terms once a proposal has been selected.

**RFQ

**RFI

**RFP

**IFB

B)) Online reverse auctions allow a group of pre-qualified suppliers to bid against each other for the buyers business. Online reverse auctions have been most effective when:

**there are a limited number of suppliers available.

**technological, logistical and commercial specifications are clear.

**the organization purchases a capital-intensive equipment with comprehensive package of services.

**the market conditions favor sellers.