BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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transfer offer
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bulk offer
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firm offer
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price offer
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Detailed explanation-1: -The firm offer will only last for the period of time stated in the offer. If no time period for the offer to remain open is stated, it will stay open for a maximum of three months.
Detailed explanation-2: -A “firm offer” is an offer to buy or sell goods at a certain price that is guaranteed not to change for a certain period of time. Your customers may ask you to make a firm offer so they have certainty with respect to pricing for a fixed period of time. You may seek the same from your suppliers.
Detailed explanation-3: -noun. : a binding written offer to buy or sell that cannot be revoked for a stipulated period of time or for a reasonable time that in no event exceeds three months.
Detailed explanation-4: -Option contracts: An option contract is formed when an offeror promises to leave an offer open for a certain amount of time, the offer contains a specific price term, and the offeree has provided at least nominal consideration to keep it open.