Generally, Contractors submit Tenders based on the Instructions to Tender (ITT) for the Client’s consideration and acceptance. In the same manner, shoppers go to supermarkets to shop. A shopper picks a double fridge on display. The price tag on the television is GHS 15,400.00. He walks to the counter and requests for a discount thereafter makes payment. i. Explains what constitutes offer in the scenario. ii. Explains what constitutes acceptance in the scenario. iii. Discuss when a Contract is formed between the parties?
Generally, Contractors submit Tenders based on the Instructions to Tender (ITT) for the Client’s consideration and acceptance. In the same manner, shoppers go to supermarkets to shop. A shopper picks a double fridge on display. The price tag on the television is GHS 15,400.00. He walks to the counter and requests for a discount thereafter makes payment. i. Explains what constitutes offer in the scenario. ii. Explains what constitutes acceptance in the scenario. iii. Discuss when a Contract is formed between the parties?
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Generally, Contractors submit Tenders based on the Instructions to Tender (ITT) for the Client’s
consideration and acceptance. In the same manner, shoppers go to supermarkets to shop. A shopper
picks a double fridge on display. The price tag on the television is GHS 15,400.00. He walks to the
counter and requests for a discount thereafter makes payment.
i. Explains what constitutes offer in the scenario.
ii. Explains what constitutes acceptance in the scenario.
iii. Discuss when a Contract is formed between the parties?
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