What's The Difference Between A Bid And A Proposal?


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Bid :
The highest price any buyer is willing to pay for a given security at a given time; also called bid price. Quoted bid is a maximum price that a market maker will pay for a security.

Proposal :
A business proposal is a written scheme from a seller to a prospective customer. The main purpose is to fulfill the requirements of a client. A proposal includes a company's profile as well as its products and services offered. An entrepreneur mentions profile and other components to convince a prospective client about the benefits of his products and services for a client. A proposal also aims to demonstrate the credibility and authenticity of a company and its products and services to win a client's confidence. A good proposal has the potential to portray a company unique and credible that gives an edge over its competitors.

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