What does OBO mean in ACCOUNTING
OBO stands for "Or Best Offer". It is a term often used in the sale of goods and services, and indicates that a seller is willing to negotiate and accept an offer lower than the listed price.
OBO meaning in Accounting in Business
OBO mostly used in an acronym Accounting in Category Business that means Or Best Offer
Shorthand: OBO,
Full Form: Or Best Offer
For more information of "Or Best Offer", see the section below.
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Essential Questions and Answers on Or Best Offer in "BUSINESS»ACCOUNTING"
What does OBO stand for?
OBO stands for "Or Best Offer".
Is OBO commonly used in sales?
Yes, OBO is commonly used by sellers when offering goods or services for sale.
What does it mean if something is listed as “OBO�
If something is listed as “OBOâ€, it means that the seller is willing to negotiate a price lower than what has been listed.
Is OBO typically used with fixed-price offers or auction-style offers?
OBO is typically used with fixed-price offers but can also be used with auction-style offers.
Are there situations where using OBO may not be beneficial?
Yes, if the seller has already priced an item attractively then using OBO may not result in any additional savings.
Final Words:
In summary, OBO stands for "Or Best Offer" and is a term often used in sales when a seller is willing to negotiate on price and accept an offer lower than the listed price. It can be used with both fixed-price offers and auction-style offers but using it when an item has already been priced attractively may not result in further savings.
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