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Definitions from WordNet

Definitions from the Web

Counteroffer

Description:

A counteroffer is a proposal given in response to a previous offer, typically in a negotiation or business transaction. It is an alternative offer made by the recipient party, suggesting different terms or conditions.

Examples:

Noun:

1. Mary's counteroffer for the house included a higher sales price and a shorter closing period.

2. The company received a counteroffer from their competitor, offering a better pricing structure.

3. Negotiations stalled when the buyer rejected the seller's counteroffer regarding the payment terms.

Verb:

1. After receiving the initial salary offer, Sarah decided to counteroffer her desired salary and additional benefits.

2. The potential buyer counteroffered with a request for repairs to be completed before finalizing the purchase.

3. Despite the initial rejection, the two parties continued to counteroffer until they reached a mutually acceptable agreement.

Related Products:

• Negotiation Skills Books
• Business Transaction Essentials
• Sales Strategies Guides