Online reverse auctions have been most effective when:
A)there are a limited number of suppliers available.
B)the organization owns the technology to run the auction.
C)the good or service is unique or highly customized.
D)the market conditions favor sellers.
E)technological,logistical and commercial specifications are clear.

Question

Quizplus · Accepted Answer

Online reverse auctions are most effective when technological, logistical and commercial specifications are clear. This allows for accurate comparisons between suppliers and ensures that the winning bidder is able to meet the organization's requirements. Limited suppliers (A), owning technology (B), unique or highly customized goods or services (C), and market conditions favoring sellers (D) are not necessarily factors that make online reverse auctions more effective.

Online Reverse Auctions Have Been Most Effective When