Large private organizational buyers and government agencies make large-volume or large-value purchases through ________,also known as reverse auctions.

Question

Quizplus · Accepted Answer

Large private organizational buyers and government agencies make large-volume or large-value purchases through electronic tendering systems, which are also known as reverse auctions. These systems enable buyers to post their requirements online, and suppliers can then submit bids electronically. The system facilitates transparency, efficiency, and cost savings for both buyers and suppliers.

Large Private Organizational Buyers and Government Agencies Make Large-Volume or Large-Value