Question

Bill offers to sell his Consumer Service Center business to Dina for $100,000. Dina replies, "The price is too high. I will offer to buy it for $90,000." Dina has:________

a. Accepted the offer.
b. Rejected the offer and made a counteroffer.
c. Rejected the offer without making a counteroffer.
d. Made a counteroffer without rejecting the offer.

Answer 1

Answer: b. Rejected the offer and made a counteroffer.

Step-by-step explanation:

When Bill told Dina that the price for the business was $100,000, Dina replied that the prices was too high. This constitutes a rejection to buy at that price.

Dina then offered to buy the business at the price of $90,000 which constitutes a counteroffer. Dina therefore rejected the original offer and made a counteroffer.