Q4 BIZ G05

It is a document that an organization submits to one or more potential suppliers eliciting quotations for a product or service.

• LOI

• RFQ

• PO

The following details are needed in creating request for quotation form except for _________.

• Company Name

• RFQ Number

• Receipt Number

You can also include mode of payment in creating RFQ.

• True

• False

Businesses use this form to summarize all the details that they requested in their Request for Quotation.

• Letter of Intent

• Canvass Sheet

• Request for Qoutation

This form indicates the product name, description, unit prices, total, and etc....

• Letter of Intent

• Canvass Sheet

• Request for Quotation

Canvass Sheet Form indicates the following, except:

• Unit Price

• Recommendation Note

• Phone Number

It is a written document with the list of items that the customer wants to purchase and send it to the supplier.

• Sales Order

• Purchase Order

• GRN

Who prepares and sign the Purchase Order?

• Sales Representative

• Sales Manager

• Buy

This is a process which includes exchange of goods and services with corresponding forms.

• Marketing

• Trading

• Exchanging

A document generated by the seller upon receiving a purchase order form,

• Purchase Order Form

• Canvass Sheet

• Sales Order