Which term describes an offer that is not finalized in negotiations?

A counter offer is indeed the correct term to describe an offer that is not finalized in negotiations. When one party presents a counter offer, they are essentially responding to an initial proposal with modifications or different terms. This act indicates that negotiations are still ongoing and that the original offer has not been accepted as is.

In many negotiation scenarios, once a counter offer is made, it can lead to further discussions and adjustments. This dynamic nature is what distinguishes a counter offer from a finalized or accepted offer. The nature of a counter offer is that it keeps the dialogue open, enhancing the chances for both parties to reach mutually beneficial terms.

In contrast, terms like quoted offer, final offer, and standard offer imply varying degrees of completion or standardization in negotiations. A quoted offer typically refers to a price or set terms provided by one party that may not yet be accepted. A final offer would suggest that negotiations are at their conclusion, meaning that no further changes are anticipated. A standard offer denotes a broad term that could apply to a range of scenarios but does not capture the essence of an ongoing negotiation process. Thus, recognizing that a counter offer signifies the flexibility remaining in the negotiation process is key to understanding its role.