In a _____,the buyer lists the product to be purchased and the seller bids.
A)reverse auction
B)sell-side site
C)forward auction
D)buy-side site
E)sell-side auction

Question

Quizplus · Accepted Answer

In a reverse auction, the roles of buyer and seller are reversed compared to traditional auctions. Here, the buyer posts a requirement for a product or service, and sellers compete by bidding lower prices to win the business.

In a _____,The Buyer Lists the Product to Be Purchased