Which of the following is Luke now likely to know about the marketplace?

Luke has sent out a Request for Information to test the waters of the supply market for a new product he is sourcing. He has received a high number of detailed documents back from suppliers.

Which of the following is Luke now likely to know about the marketplace? Select THREE
A . acceptable lead times
B . amount of product competition
C . expected changes in the marketplace
D . exact costs of the item he’s procuring
E . samples of the product

View Answer

Answer: A, B, C

Explanation:

The correct answers are; lead times, product competition and changes in the marketplace.

You wouldn’t expect to receive samples or costings from a Request for Information – rather, these should be expected as part of the Tender Competition