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________ amounts to rejection of the original offer.
  • a)
    Cross offer
  • b)
    Special offer
  • c)
    Standing offer
  • d)
    Counter offer
Correct answer is option 'D'. Can you explain this answer?
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________ amounts to rejection of the original offer.a)Cross offerb)Spe...
When the offeree offers to qualified acceptance of the offer subject to modifications and variations in the terms of original offer, he is said to have made a counter offer. Counter offer amounts to rejection of the original offer.
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________ amounts to rejection of the original offer.a)Cross offerb)Spe...
Counter offer

- A counter offer is a response to an original offer made by the other party in a negotiation or business transaction.
- It involves rejecting the initial offer and proposing new terms or conditions.
- The counter offer acts as a rejection of the original offer and initiates a new round of negotiations.
- It indicates that the party making the counter offer is not willing to accept the terms proposed in the initial offer.
- The counter offer can include changes in price, quantity, delivery terms, or any other relevant terms of the agreement.
- It is a common strategy used in negotiations to reach a mutually acceptable agreement.
- Once a counter offer is made, the original offer is no longer valid, and the parties must negotiate the new terms.
- Counter offers can go back and forth until both parties reach an agreement or decide to end the negotiation.
- It is important to clearly communicate the terms of the counter offer to avoid misunderstandings or disputes.
- A counter offer can lead to a revised agreement that better meets the needs of both parties involved in the negotiation.
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________ amounts to rejection of the original offer.a)Cross offerb)Special offerc)Standing offerd)Counter offerCorrect answer is option 'D'. Can you explain this answer?
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