Estimate and cost job

Delivery is the process of transporting goods from a source location to a predefined destination.

• True

• False

Quotation is a formal statement of promise by potential supplier to supply the goods or services required by a buyer within a specified prices and period.

• True

• False

Output Requirements are the intangible characteristics, features or specifications that a consumer expects to be fulfilled in the product.

• True

• False

Direct material means any labor directly involved in making the product.

• True

• False

Material used in the production of the product (business manufactures wooden furniture)

• Nuts

• Bolts

•  Screws

• All of the above

All of below other materials not used in the production of the product except:

• Telephone

• Cleaners

•   Water

•  Internet service

The first step to collect for quotation information is Determine the cost of product.

• True

• False

The Third Step that the seller should follow to collect information for quotation:

• Ask customer for their requirements

• Assess product information for suitability to customer requirements.

• Determine delivery point and methods of transportation.

• Determine the cost of product.

A formal statement of by potential supplier to supply the goods or services required by a buyer, at specified prices, and within a specified period

• Invoice

• Quotation

• Business Letter

• Demand Draft

Characteristics or specifications that should be presented in a product to be deemed desirable by the consumer

• Owner requirements

• Supplier requirements

• Customer requirements

• Vendor requirements