In reverse auctions,:
A) buyers are required to place an order with the lowest bidder
B) vendors win with the highest bid
C) there are usually several retail buyers and only one vendor
D) strategic relationships are difficulty to nurture
E) all of these are true

Question

Quizplus · Accepted Answer

In reverse auctions, the focus is on obtaining the lowest price, which can make it difficult to nurture strategic relationships with vendors, as the emphasis is on cost rather than partnership.

In Reverse Auctions