Examlex

Solved

For a Major Purchase,negotiations Between a Purchaser and Potential Vendors

question 3

True/False

For a major purchase,negotiations between a purchaser and potential vendors are done as quickly as possible in order to begin the manufacturing process.


Definitions:

Effective Offer

A proposal made in such terms that upon acceptance, a legally enforceable contract is formed.

Communicated

The process of conveying information or expressing ideas and feelings through speech, writing, or other mediums.

Offeree

An individual or entity that receives a proposal or invitation to enter into an agreement.

Price

The amount of money expected, required, or given in payment for something.

Related Questions