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Define the term "tender."

Sagot :

Final answer:

A tender is a bid from a company detailing project costs in business contexts.


Explanation:

Tender can be defined as a bid submitted by a company detailing the cost to complete a project. It is a formal offer in response to an invitation to tender.

In the business context, tender plays a crucial role in the procurement process, where companies compete to win contracts by submitting their best proposals.

Presenting a tender effectively involves showcasing skills, expertise, and cost competitiveness to secure business opportunities.


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