When a product is purchased which is complicated or highly technical a Request for proposal may be issued instead of a request for quotation.
Definition: A product is an item offered for sale. Products are services or items. It can be in physical or virtual or cyber forms. All products are made at a price and sold at a price. The price charged varies by market, quality, marketing, and target segment.
Products are broadly divided into two categories: consumer products and industrial products. A consumer product is a product that is purchased by the end consumer for their own direct use. Consumers purchase these consumer goods to meet their personal needs and desires.
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