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Goods and Services with Custom Prices Have Prices That Adjust

question 94

True/False

Goods and services with custom prices have prices that adjust very quickly.


Definitions:

Revoke

To officially cancel or withdraw an offer, license, right, or permission that has been granted.

Letter of Credit

A financial document issued by a bank guaranteeing a buyer's payment to a seller within a specified timeframe and under agreed conditions.

Formal Contract

A contract that by law requires a specific form, such as being executed under seal, to be valid.

Unilateral Contracts

Contracts in which one party makes a promise in exchange for the other's performance, which fulfills the contract.

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