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Request for quotation. A request for quotation ( RfQ) is a business process in which a company or public entity requests a quote from a supplier for the purchase of specific products or services. RfQ generally means the same thing as Call for bids (CfB) and Invitation for bid (IfB). [1]
Exponential growth is a process that increases quantity over time at an ever-increasing rate. It occurs when the instantaneous rate of change (that is, the derivative) of a quantity with respect to time is proportional to the quantity itself. Described as a function, a quantity undergoing exponential growth is an exponential function of time ...
A letter to the editor [1] ( LTE) is a letter sent to a publication about an issue of concern to the reader. Usually, such letters are intended for publication. In many publications, letters to the editor may be sent either through conventional mail or electronic mail . Letters to the editor are most frequently associated with newspapers and ...
In general, a rate increase is good for savers, and we may see some drops in prices of consumer goods. But the hike is bad news for borrowers who will see mortgage and credit card rates jump.
Administering one form of the test to a group of individuals. At some later time, administering an alternate form of the same test to the same group of people. Correlating scores on form A with scores on form B. The correlation between scores on the two alternate forms is used to estimate the reliability of the test.
Buy one, get one free. " Buy one, get one free " or " two for the price of one " is a common form of sales promotion. Economist Alex Tabarrok has argued that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion ...
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