Commerce · Q9

Costing

Graduate and Post Graduate · Commerce · question 9

Q9

Tender is an _______.

A.

estimation of profit

B.

estimation of cost

C.

estimation of selling price

Answer

D.

estimation of units

Answer: Option C

Solution

Answer: Option C

Solution:

Tender is an estimation of selling price. Tender is used in response to Request for tender.

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