An Offering represents the public, not necessarily binding, not necessarily exclusive, announcement by a Business Entity to provide a certain Business Function for a certain Product or Service Instance to a specified target audience. An Offering is specified by the type of product or service or bundle it refers to, what Business Function is being offered (sales, rental, ...), and a set of commercial properties. It can either refer to a clearly specified instance (Actual Product Or Service Instance) or to a set of anonymous instances of a given type (Product Or Services Some Instances Placeholder, see also section 3.3.3 of the GoodRelations Technical Report). An offering may be constrained in terms of the eligible type of business partner, countries, quantities, and other commercial properties. The definition of the commercial properties, the type of product offered, and the business function are explained in other parts of this ontology in more detail. Example: Peter Miller offers to repair TV sets made by Siemens, Volkswagen Innsbruck sells a particular instance of a Volkswagen Golf at $10,000.