________ 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- Once a counter offer is made, the original offer is no longer valid, and the parties must negotiate the new terms.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.