In reverse auctions:
A) buyers are required to place an order with the lowest bidder
B) strategic relationships are difficulty to nurture
C) vendors win with the highest bid
D) there are usually several retail buyers and only one vendor
E) all of these are true

Question

Quizplus · Accepted Answer

In reverse auctions, multiple vendors compete to offer the lowest price to a single buyer, making it difficult to nurture strategic relationships due to the focus on price competition.

In Reverse Auctions