FIGURE 6-4
-Which type of auction does Figure 6-4 above represent?
A)reverse auction
B)horizontal auction
C)traditional auction
D)vertical auction
E)diagonal auction

Question

FIGURE 6-4 
-Which type of auction does Figure 6-4 above represent?
A)reverse auction 
B)horizontal auction 
C)traditional auction 
D)vertical auction 
E)diagonal auction

Quizplus · Accepted Answer

A traditional auction is typically characterized by sellers offering goods or services and buyers bidding on them, which is commonly depicted in auction diagrams like Figure 6-4.

FIGURE 6-4 -Which Type of Auction Does Figure 6-4 Above Represent