Question: the request for quotation ( RFQ ) or request for bid are formal supplier inquiry formats used by Supply professionals on specific requirements or the

the "request for quotation"

(

RFQ

)

or request for bid are formal supplier inquiry formats used by Supply professionals on specific requirements or the invitation to participate in a formal bidding. they are normally issued to vendors from which the buyer is seriously considering to buy from, as it requires preparation time and represents a cost to the supplier. true or false

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