Asked by
Phillip Petteruto
on Nov 27, 2024
Verified
An invitation to submit bids is an offer.
Invitation to Submit Bids
A formal solicitation process where potential suppliers are asked to present proposals for providing goods or services at a specified price.
- Distinguish between offers and invitations to negotiate or bid.
Verified Answer
AB
Learning Objectives
- Distinguish between offers and invitations to negotiate or bid.