Which of the following is correct
A. Prime cost and office cost are same
B. Total cost and factory cost are same
C. Tender and quotation are same
D. Cost and price are same
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The correct answer: Tender and quotation are same.
The expression “tender” is used to describe the offer or submission of goods or services for sale by a business. The expression “quotation” is also used to describe an offer or submission of goods or services for sale by a business; in addition, it is used to describe the act of quoting prices.