The Likelihood of Negotiation Decreases When Large Orders Are Sold

question 43

True/False

The likelihood of negotiation decreases when large orders are sold directly by the manufacturer to the OEM buyer because changes can be made to the product and price.

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Definitions:

Apparent Authority

A situation where a third party reasonably believes that an agent has the authority to act on behalf of the principal, even if such authority has not been formally granted.

Terminate

To bring an end to something, such as a contract, employment, or operation, either by mutual agreement, fulfillment of terms, or through unilateral action.

Notify

To formally or officially inform someone of something.

Emergency Powers

Special, temporary powers granted to governments to handle crises or emergencies, allowing deviations from normal procedures or laws.