BUSINESS ADMINISTRATION
CUSTOMER RELATION MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Data management
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BID team / SE
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AM
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Finance
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Detailed explanation-1: -The term “bid and ask” (also known as “bid and offer") refers to a two-way price quotation that indicates the best potential price at which a security can be sold and bought at a given point in time. The bid price represents the maximum price that a buyer is willing to pay for a share of stock or other security.
Detailed explanation-2: -A quotation is also often known as a quote. It is a document that a supplier will submit to a potential client that lists the proposed prices for the supplier’s goods or services. The quotation is usually created based on certain conditions stipulated by the client.
Detailed explanation-3: -A bid is a step ahead of a quote because it involves more detail and accuracy. A bid is often defined as a proposal but a proposal and bid differ. A bid requires a clear scope of a project. Generally, what happens is that a specific agency will require people to work on a project.