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Which of the Following Better Explains 'Auction Forward

Question 7

Multiple Choice

Which of the following better explains 'Auction Forward'?

A) An e-auction which is used by suppliers to enforce bidding among a number of prospective buyers based on a starting price that is increased during the auction.
B) An e-auction which is used by buyers to enforce bidding among a number of prospective suppliers based on a starting price that is increased during the auction.
C) An e-auction which is used by suppliers to minimise bidding among a number of prospective buyers based on a starting price that is increased during the auction.
D) An e-auction which is used by suppliers to enforce bidding among a number of prospective buyers based on a starting price that is decreased during the auction.

Correct Answer: