What Can an Offeror Do to Minimize the Risk Posed

question 11

Multiple Choice

What can an offeror do to minimize the risk posed by the mailbox rule?

• A)Include separate additional terms
• B)Include a receipt stipulation in the contract
• C)Select only known parties as original offerees
• D)Revoke the offer before acceptance

---

Definitions:

Market Penetration Strategy

A growth strategy where a business focuses on selling existing products within existing markets to gain a higher market share.

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

Market-Entry Strategy

The planned method of delivering goods or services to a new target market and establishing a presence there.

Product Element

The specific components or features of a product that contribute to its ability to meet customer needs, including quality, design, brand, and functionality.