Ask Question
BusinessBusiness
24 April, 11:17

An ""offer"" to sell an item on an online auction site generally is treated as an invitation to negotiate. True or false?

+1
Answers (1)
  1. 24 April, 11:26
    0
    Answer:True

    Explanation: In live auctions, buying and selling of items, and bidding on these items, are done face to face by the auctioneer and the bidder. Online auction sites provide platforms for consumers and producers to buy and sell items over the internet.

    Online auctions are different. Because these transactions take place online, and are thus automated, when an "offer" to sell an item occurs then it can be taken as an opportunity to negotiate. Interested parties can make bids on the item, with or without a limit, depending on the auctioneer. Then the party with the highest bid wins the item.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An ""offer"" to sell an item on an online auction site generally is treated as an invitation to negotiate. True or false? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
On May 10, Sheffield Corp. issues 2,500 shares of $5 par value common stock for cash at $12 per share. Journalize the issuance of the stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually.
Answers (1)
If a country has an absolute advantage in producing a good, it definitely also has a comparative advantage in producing that good. an absolute advantage in producing a good, it might or might not have a comparative advantage in producing that good.
Answers (1)
Which of the following statements is true? (A) Both appropriations and restrictions of retained earnings require journal entries.
Answers (1)
Andy took out an unsubsidized student loan of $11,000 at a 7.2% APR, compounded monthly, to pay for his last two semesters of college. If he will begin paying off the loan in 15 months, how much will he owe when he begins making payments?
Answers (1)
In the solow growth model, a nation reaches its steady state equilibrium when
Answers (1)
New Questions in Business
Tri-bikes manufactures two different levels of bicycles: the Standard and the Extreme. The total overhead of $300,000 has traditionally been allocated by direct labor hours, with 150,000 hours for the Standard and 50,000 hours for the Extreme.
Answers (1)
You appreciate that consumers are hesitant to purchase spa services that they cannot evaluate before consumption. What is the best strategy to address the intangibility of spa services?
Answers (1)
As long as the information reported follows the generally accepted accounting principles (GAAP) guidelines, accountants in a firm have the liberty to use personal judgment to report transactions in the firm's financial statements. True/False?
Answers (1)
S is close to retiring and would like to purchase a policy that will yield greater gains than bonds, but will still protect the principal with a minimum level or risk. which product would s be advised to purchase?
Answers (1)
Which two actions should you take during an informational interview? Tell the interviewer that you would be willing to take any job an employer offers to you.? Encourage the interviewer to do most of the talking during the interview.
Answers (1)
Home » Business » An ""offer"" to sell an item on an online auction site generally is treated as an invitation to negotiate. True or false?
Sign Up Forgot Password?