Asked by
Kaylee Ochoa
on Nov 21, 2024
Verified
Belinda sends an email to Equador offering to sell her entire entertainment set to him for $2,500. Equador responds that the price seems a bit high and offers to buy the entertainment set for $2,000. Equador's response is considered a(n) ________?
A) illegal response
B) acceptance
C) revocation
D) counteroffer
E) bilateral offer
Counteroffer
A response to an offer in a negotiation, where the original offer is rejected and a new offer is presented.
- Familiarize yourself with the diverse methods available for the cessation of an offer.
Verified Answer
SK
Learning Objectives
- Familiarize yourself with the diverse methods available for the cessation of an offer.