A Buyer Who Says "We Have a Better Offer from Your

question 11

Multiple Choice

A buyer who says "We have a better offer from your competitor" is likely expressing a(n) ____ objection.

• A) Price
• B) Time
• C) Source
• D) Need
• E) Product

---

Definitions:

Warrants

Securities that grant the holder the right to purchase a company's stock at a specific price before the warrant expires, similar to stock options but typically with longer durations.

Par Value

A nominal face value assigned to shares of stock by the issuing company, which often bears no relation to the market value.

Common Stock

Common stock represents shares of ownership in a corporation, giving holders voting rights and a share in the company’s profits through dividends.

Serial Bonds

Bonds of a single issue that mature in installments at regular intervals.