In a/an _____, sellers are only told their relative rank and thus are not aware of their competitors' prices.
A)vertical portal
B)progressive reverse auction
C)regular reverse auction
D)rank reverse auction
E)None of these answers.

Question

Quizplus · Accepted Answer

In a rank reverse auction, sellers are only informed of their relative rank and are unaware of their competitors' prices. This differs from a regular reverse auction where sellers can see each other's prices and adjust their bids accordingly. A vertical portal is a website that provides information and resources specific to a particular industry or market. A progressive reverse auction is one where the bidding increments increase over time. Therefore, the best choice is D.

In A/an _____, Sellers Are Only Told Their Relative Rank