The Only Things That the Grantee of an Option May

question 92

True/False

The only things that the grantee of an option may do with the option are exercise it or let it expire.

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Definitions:

Modified Rebuy

A buying situation in which the customer’s needs change slightly or they are not completely satisfied with the product they purchased.

Straight Rebuy

A purchasing situation in which a business buyer reorders a product or service from the same supplier without modifications.

Bigger Office

An expansion of workspace typically sought by growing companies to accommodate increased staff, operations, or resources.

Opinion Leader

An individual who influences the opinions, attitudes, or behaviors of others through their expertise, knowledge, or social position.