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Define Reference Group and Explain the Role of Imagination in Our

question 32

Essay

Define reference group and explain the role of imagination in our participation in group life.


Definitions:

Offeror

The party in a contract negotiation that makes the initial offer or proposal.

Revoke

The act of officially canceling or withdrawing something, such as a law, right, or privilege.

Without Reserve

An auction term indicating that the item for sale will be sold to the highest bidder, regardless of the bid amount, with no minimum price set.

Auction

A public sale in which goods or property are sold to the highest bidder.

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