Question

If the buyer needs to buy an item (or service) where they have the detailed specifications, but would like to leverage the supplier's expertise to develop a solution, he or she will typically issue a:

Answer 1

Answer:

The answer is request for quotation (RFQ)

Explanation:

A request for quotation (RFQ) is a document that an organization submits to one or more potential suppliers requesting quotations for a product or service. Typically, an RFQ seeks an itemized list of prices for something that is well-defined and quantifiable.