. Sellers sometimes take the auction approach and adapt it by using sequential price reductions over time.When or where is this approach most commonly used?
A) with products that have a short life
B) when the product supply is unlimited
C) with heavy equipment manufacturing machinery
D) with products that have extremely low inventory costs
E) when competition is absent

Question

Quizplus · Accepted Answer

Some sellers are taking the auction approach and adapting it by using sequential price reductions over time. This approach is most commonly used with products that have a short life or are in short supply.

Sellers Sometimes Take the Auction Approach and Adapt It