Which of the following better explains 'Auction Reverse'?
A) An e-auction which is used by buyers to enforce competitive bidding among a large number of prequalified suppliers based on a starting price that is lowered during the auction.
B) An e-auction which is used by buyers to enforce competitive bidding among a limited number of prequalified suppliers based on a starting price that is lowered 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 buyers to limit competitive bidding among a large number of prequalified suppliers based on a starting price that is lowered during the auction.
Correct Answer:
Verified
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A) This
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