Which of the following is not a valid property of price agreements?

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The correct answer indicates that "Process claim" is not a valid property of price agreements. In the context of price agreements, the focus is primarily on the establishment of terms and conditions related to pricing, delivery, and payment. Each of the other listed options is directly related to the management of price agreements.

Specifying delivery instructions is crucial as it outlines how and when the products or services covered by the price agreement will be delivered. This information is essential for both parties to meet expectations and ensure timely delivery.

Establishing payment terms is equally important. It defines the conditions under which payment will be made, including aspects such as payment deadlines, methods, and any relevant discounts or penalties for late payments. Clear payment terms help in maintaining a good business relationship and ensure that cash flow is managed effectively.

Determining pricing tiers is another integral part of price agreements. It involves setting different price levels based on factors like volume or specific customer classifications. Pricing tiers allow for flexibility and can incentivize larger orders or loyal customers, aligning with broader business strategies.

In contrast, "Process claim" does not fit under the typical properties of price agreements. Claims processing usually pertains to how disputes or issues related to the delivery of goods or services are handled, which is more about

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