Which of the following is correct?
A. Tender and quotation are same
B. Cost and price are same
C. Total cost and factory cost are same
D. Prime cost and office cost are same
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The Tender and quotation are same is the correct answer.
Tender and quotation are both used in the same way to offer services. They are two different terms, although they have similar purposes in the market. Tender is used when you are offering goods or services to the client at the time of signing a contract or contract of work. Quotation is used by clients when they want to find a specific service provided by you.
Tender and quotation are same is the right answer.
As the demand for quotations grow, so does the need for an accurate and detailed quotation. A tender is a written agreement that provides enough contractual detail to ensure the buyer and seller are covered by the contract. It is used in real estate transactions, banking and business transactions. but they mean same.