Which of the Following Statements Is True of a Revocation

question 71

Multiple Choice

Which of the following statements is true of a revocation?

• A) It can be made by the offeree.
• B) It needs to be received by the offeree to be effective.
• C) It can be done even after acceptance of the offer.
• D) It can be applied to an option contract.

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Definitions:

Product's Life Cycle

The series of stages a product goes through from development and introduction to the market, through its growth, maturity, and eventual decline.

Introduction Stage

The first phase in the product life cycle where a new product is introduced to the market.

News Conference

An event held to communicate information to the media and the public, where questions can be asked.

Media Representatives

Professionals who act as intermediaries between media companies and advertisers, helping to negotiate and sell advertising space or time.