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CTP · Question #386
CTP Question #386: Real Exam Question with Answer & Explanation
The correct answer is C. Request for Information. See the full explanation below for the reasoning.
Question
- (Topic 4) RAL Industries is a manufacturing company that currently has locations in the United States and Latin America and has just completed an acquisition of a company located in Europe. As a result of the acquisition, they have a large number of financial service providers. In an effort to reduce the number of providers and services used globally, RAL has decided to develop a formal selection process to consolidate its many global banking services. In order to reduce the amount of time the selection process takes, determine which services providers can offer, and the number of providers involved in the process, what should RAL Industries issue?
Options
- ARequest for Quote
- BRequest for Proposal
- CRequest for Information
- DRequest for Participation
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