Identify an auction in which companies invite sellers to submit bids for products and services.

Name: Identify an auction in which companies invite sellers to submit bids for products and services.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In a reverse auction, the roles of buyers and sellers are reversed, and the companies invite sellers to submit bids. Therefore, this is the best choice for this scenario. English auction, Dutch auction, and first-price auction are all types of auctions where buyers bid on products or services.

Identify an Auction in Which Companies Invite Sellers to Submit