Asked by
Thinkstitute Get Inspired
on Nov 27, 2024
Verified
Fabien offers to sell his Graphic Signs LLC business to Hanna for $100,000. Hanna replies, "The price is too high. I will buy it for $75,000." Hanna has
A) accepted the offer.
B) made a counteroffer without rejecting the offer.
C) rejected the offer and made a counteroffer.
D) rejected the offer without making a counteroffer.
Counteroffer
A proposal made in response to an initial offer, effectively rejecting the original offer and suggesting new terms for an agreement.
Price Too High
A situation where the cost of a good or service is considered unreasonably above what is deemed fair or reasonable.
- Comprehend the principle of a counteroffer and its effect on the initial proposal and the proposer.
Verified Answer
HS
Learning Objectives
- Comprehend the principle of a counteroffer and its effect on the initial proposal and the proposer.