In which type of auction is there a downward pressure on bid prices for the buyer's business as more would-be suppliers become involved?
A) traditional auction
B) vertical auction
C) reverse auction
D) horizontal auction
E) reciprocal auction

Question

Quizplus · Accepted Answer

In a reverse auction, buyers post their requirements and suppliers bid to offer the lowest price, creating downward pressure on prices as more suppliers compete.

In Which Type of Auction Is There a Downward Pressure