To determine the correct answer to what a "tender" refers to, we need to analyze the options provided.

### Understanding Tender
1. A **tender** is generally a formal offer to supply goods or services at a specified price.
2. In construction and procurement, a tender often includes the bidding process for supplying materials or services needed for a project.

### Analyzing the Options
- **a. estimation of selling price**: This could relate to pricing strategies but does not fully capture the essence of a tender.
- **b. estimation of cost**: A tender typically involves estimating costs, which companies provide to win contracts.
- **c. estimation of units**: This relates to quantifying goods but not directly to the financial aspect of a tender.
- **d. estimation of profit**: While profit estimation could factor into a tender, it’s more focused on costs and pricing bids.

### Conclusion
After reviewing the options, the most accurate interpretation of a tender would be related to cost estimation. Therefore, the answer is:

### Final Answer
**b. estimation of cost.**

Question

To determine the correct answer to what a "tender" refers to, we need to analyze the options provided.

### Understanding Tender
1. A **tender** is generally a formal offer to supply goods or services at a specified price. 
2. In construction and procurement, a tender often includes the bidding process for supplying materials or services needed for a project.

### Analyzing the Options
- **a. estimation of selling price**: This could relate to pricing strategies but does not fully capture the essence of a tender.
- **b. estimation of cost**: A tender typically involves estimating costs, which companies provide to win contracts.
- **c. estimation of units**: This relates to quantifying goods but not directly to the financial aspect of a tender.
- **d. estimation of profit**: While profit estimation could factor into a tender, it’s more focused on costs and pricing bids.

### Conclusion
After reviewing the options, the most accurate interpretation of a tender would be related to cost estimation. Therefore, the answer is:

### Final Answer
**b. estimation of cost.**

Knowee AI · Accepted Answer

To determine the correct answer to what a "tender" refers to, we need to analyze the options provided.

### Understanding Tender
1. A **tender** is generally a formal offer to supply goods or services at a specified price. 
2. In construction and procurement, a tender often includes the bidding process for supplying materials or services needed for a project.

### Analyzing the Options
- **a. estimation of selling price**: This could relate to pricing strategies but does not fully capture the essence of a tender.
- **b. estimation of cost**: A tender typically involves estimating costs, which companies provide to win contracts.
- **c. estimation of units**: This relates to quantifying goods but not directly to the financial aspect of a tender.
- **d. estimation of profit**: While profit estimation could factor into a tender, it’s more focused on costs and pricing bids.

### Conclusion
After reviewing the options, the most accurate interpretation of a tender would be related to cost estimation. Therefore, the answer is:

### Final Answer
**b. estimation of cost.**

Tender is an.a.estimation of selling price.b.estimation of cost.c.estimation of units.d.estimation of profit.

Question

Tender is an.

Solution

Understanding Tender

Analyzing the Options

Conclusion

Final Answer

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