When Is the Revocation of an Offer Effective

question 77

Multiple Choice

When is the revocation of an offer effective?

• A)When received by the offeror
• B)When received by the offeree
• C)When sent by the offeree
• D)When sent by the offeror

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Definitions:

Competitive Advantage

A condition that enables a company to operate in a more efficient or otherwise higher-quality manner than the companies it competes with, resulting in benefits such as higher sales or margins and/or a larger market share.

Public Relations

The professional practice of managing and shaping the public perception of an individual, organization, or brand through media, communication, and strategic messaging.

Strategic Marketing

The process of planning and executing activities that aim to achieve a sustainable competitive advantage by understanding customer needs and market trends.

Genetic Diversity

The total number of genetic characteristics in the genetic makeup of a species, facilitating adaptability and survival.