A potential buyer gives a seller an offer that doesn't meet the seller's demands in the listing. What has the buyer given?
A. Contract of sale
B. Counteroffer
C. Offer to purchase
D. Option
Answer: C. Offer to purchase
An offer simply must express a willingness to contract, and be certain in its terms. It does not need to match the seller's terms.
Business
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Unit-level cost drivers in traditional cost systems distort product costs because they:
A) assume that all overhead activities affect all products. B) recognize specific activities that are required to produce a product. C) do not consistently record costs. D) fail to measure the correct amount of total costs for all products.
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