What type of online auction includes one buyer and many sellers?
A)forward auction
B)reverse auction
C)include
D)traditional auction
E)vertical auction
F)bidder's war

Question

Quizplus · Accepted Answer

A reverse auction works in the opposite direction from a traditional auction.In a reverse auction,a buyer communicates a need for a product or service and would-be suppliers are invited to bid in competition with each other.As more would-be suppliers become involved,there is a downward pressure on bid prices for the buyer's business.

What Type of Online Auction Includes One Buyer and Many