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Which of the Following Statements Are True of Reverse Auctions

Question 62

Multiple Choice

Which of the following statements are true of reverse auctions?


A) They are most appropriate for commodity-type items.
B) They involve one buyer who invites bids from several pre-qualified suppliers.
C) Both they are most appropriate for commodity-type items and they involve one buyer who invites bids from several pre-qualified suppliers are true.
D) None of the answer choices.

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