Proposals that respond to RFPs are always noncompetitive
Indicate whether the statement is true or false.
Answer: False
Explanation: Proposals that respond to RFPs are always competitive. The RFP outlines the criteria on which you will compete.
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The total amount of simple interest calculated annually on a $4,000 note payable in 5 years at 9% is:
a. $1,800.00 b. $1,411.20 c. $2,154.60 d. $554.04
Which of the following is part of an internal green marketing program?
A) design for environment practices B) cradle-to-cradle practices C) biodegradable packaging D) product stewardship E) new clean technology
Dinpro has been a major player in the surgical supplies market for over two decades. However,
it has steadily lost ground to United Surgicals over the past two years, with over half the customers preferring to do business with it. Identifying this downward trend, Dinpro has decided that it can wrest back the market leader position through a shrewd pricing strategy. Which of the following pricing strategies would best help Dinpro regain the market leader status? A) withdrawing company products from circulation to create an artificial demand and selling products at higher prices B) setting product prices higher than those of United Surgicals to indicate better product quality C) selling products at prices lower than those of the competition to maximize market share D) introducing innovative products and setting their prices high shortly after launch to recoup development costs
A business prepays four months' office rent. Which of the following accounts is debited?
A) Rent Expense B) Cash C) Prepaid Rent D) Unearned Rent