Cvent Practice Exam

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What does the status "submitted proposal" indicate for the planner?

The venue has agreed to all planner requests
It indicates the venue responded to the RFP with a proposal
The proposal has been automatically accepted
The proposal is still under review

The correct answer is: It indicates the venue responded to the RFP with a proposal

The status "submitted proposal" signifies that the venue has responded to the Request for Proposal (RFP) with a formal proposal. This status reflects the initial stage in the venue's response process, where they have taken the time to prepare and send a proposal that addresses the planner's needs and requests as outlined in the RFP. Understanding this status is crucial for planners as it marks an important step in the venue selection process. It indicates that the planner can now review the proposal, compare it with others, and engage in further discussions or negotiations if necessary. This sets the stage for moving forward, whether by accepting the proposal, negotiating terms, or considering options from other venues.