In ________,the seller doesn't set a firm price but allows buyers to competitively propose the prices that they are willing to pay.
A) cost-based pricing
B) value-based pricing
C) optimal pricing
D) auction pricing
E) freemium pricing

Question

Quizplus · Accepted Answer

D) In an auction, the seller doesn't set a firm price but allows buyers to competitively bid on the products being sold. Auctions used to be confined to a few market sectors such as fine art, agricultural products, and government bonds, but that all changed when eBay became prominent.

In ________,The Seller Doesn't Set a Firm Price but Allows