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Drupady [299]
3 years ago
9

According to the enotes, if a company does not have a current supplier for a part, they must issue a(n) _______ so their potenti

al supplier can provide a detailed quote that might include more than just a per unit price, it may also include delivery date, and payment terms.
Business
2 answers:
raketka [301]3 years ago
4 0

According to the enotes, if a company does not have a current supplier for a part, they must issue a Request for quotation (RFQ) so their potential supplier can provide a detailed quote that might include more than just a per unit price, it may also include delivery date, and payment terms. This quote invites suppliers into a bidding process to bid on specific products or services. However, it is only the first step in a negotiation with a supplier.

Ostrovityanka [42]3 years ago
4 0

If a company does not have a current supplier for a part, they must issue a Request for Quote (RFQ) so their potential supplier can provide a detailed quote that might include more than just a per unit price, it may also include delivery date, and payment terms.  

<h2>Further Explanation  </h2>

Company  

It is an organization that sells goods or services to the consumers.

Supplier  

Also called as vendor, is a company or an organization that provides the materials or services needed by an another company or organization to produce their goods or services; or the materials or services needed by another company to run their business.  

<em>For example:  </em>

Company X is a company that creates and sells instant coffee. The nature of its business is called manufacturing. The typical supplier or vendor they have or they will look for would be: supplier of coffee beans, packaging materials, machine and equipment, office supplies and computers.  

Request for a Quote (RFQ)

A document given by a company to a potential supplier to ask them to submit a price quote for their goods and services and invite them to bid on the chance to be a supplier of the company for a certain projects. RFQ is also called as invitation for bid. RFQ is typically the first part of the bidding process before the submission of the request for proposal. Generally RFQs ask for a more detailed price quote.  

How does RFQ works  

In addition to the detailed pricing the supplier provides for their goods or services, they may also include in their quotation details such as payment terms and delivery dates. These are factors that may influence a company’s decision on whom to select among the bid selection.  

<em>For example:  </em>

A Business Process Outsourcing (BPO) company that wants to buy 500 computers with a specific hard drive size and processing speed, would send an RFQ to a number of vendors, as prospective bidders.  

Learn more:  

1. Subscription brainly.com/question/10410011  

2. Difference between cold calling and hot calling brainly.com/question/3049120  

3. Stock rotation FIFO brainly.com/question/10261846  

Keywords: supplier, vendor, quote, quotation, bid  

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Is there a relation between the age difference between​ husband/wives and the percent of a country that is​ literate? Researchers found the​ least-squares regression between age difference​ (husband age minus wife​ age), y, and literacy rate​ (percent of the population that is​ literate), x, is y' = -0.0445x + 7.2. The model applied for 25≤ x≤100. complete parts​ (a) through​ (e) below?

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A. Yes-it makes sense to interpret the y-intercept because an x-value of 0 is within the realm of possibilities.

B. No-it does not make sense to interpret the y-intercept because a y-value of 0 is outside the scope of the model.

C. No-it does not make sense to interpret the y-intercept because an x-value of 0 is outside the scope of the model.

(c) Predict the age diference between husband/wife in a country where the literacy rate is 39 percent years (Round to one decimal place as needed.)

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A. Yes-it makes sense because an x-value of 10 is within the realm of possibilities and within the scope of the model.

B. No-it does not make sense because an x-value of 10 is outside the scope of the model.

C. No-it does not make sense because a y-value of 10 is outside the scope of the model.

D. Yes-it makes sense because a y-value of 10 is within the realm of possibilities and within the scope of the model.

(e) The literacy rate in a country is 98 % and the age difference between husbands and wives is 2 years. Is this age difference above or below the average age difference among all countries whose literacy rate is 98%? Select the correct choice below and fill in the answer box to complete your choice. (Round to one decimal place as needed.)

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Answer:

a) For every unit increase in literacy rate the age difference falls by 0.0445 units, on average.

b) C. No-it does not make sense to interpret the y-intercept because an x-value of 0 is outside the scope of the model

c) 5.5

d) B. No-it does not make sense because an x-value of 10 is outside the scope of the model.

e) A. Below-the average age difference among all countries whose literacy rate is 98% is years.

Explanation:

Given:

y' = -0.0445x + 7.2

Where,

x = percentage of literate population

y = age difference between husband and wife

a) In this case, the regression equation is:

y' = -0.0445x + 7.2

The slope is -0.0445. This could be re-written as:

For every unit increase in literacy rate the age difference falls by 0.0445 units, on average.

b) Option C is correct because an x value of 0 is outside the scope of the model.

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c) given, x = 39%

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Let's substitute 39 for x in the regression equation.

y' = -0.0445(39) + 7.2

y' = -1.7355 + 7.2

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The correct option is B

B. No-it does not make sense because an x-value of 10 is outside the scope of the model.

e) For x = 98%

y' = -0.0445x + 7.2

Let's substitute 98 for x in the regression equation.

y' = -0.0445(98) + 7.2

y' = -1.7355 + 7.2

y' = 5.4645 ≈ 5.5

y' = 2.839

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