👤
Answered

Sometimes a company may need to purchase goods or services that are unique, very complex, and/or extremely expensive. These would not be routine purchases, but there may be a number of vendors that could supply what is needed. What process would be used to transmit the company's needs to the potential suppliers, asking for a detailed response to the needs? It is called Blank 1:

Answer :

Request for proposals (RFPs) are a method of communicating a company's needs to potential suppliers and requesting a thorough response to those demands.

Define request for proposal.

A request for proposals (RFP) is a document that asks prospective suppliers to submit business bids. This request is frequently issued through a bidding procedure by an organization or company interested in purchasing a good, service, or valued asset.

An RFP is submitted when a business requires more specific information about the product or service itself, but a Request For Quote is provided when a firm already knows what they want to buy and merely needs more information about the pricing.

To know more about request for proposal, visit:

https://brainly.com/question/22889336

#SPJ1

Go Teaching: Other Questions