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Collision Repair Practice Exam

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A buyer needs a standard low-risk item and has already fixed the specification, delivery terms and standard conditions. Which sourcing document is most appropriate when price is the main remaining variable?
Correct Answer:
Request for quotation (RFQ)
Explanation:
An RFQ is suitable when the requirement and terms are largely fixed and suppliers are mainly being asked to quote a price. An ITT is usually used for a more detailed competitive process with broader evaluation criteria.

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