FIGURE 6-4
-As depicted in Figure 6-4 above, what type of online auction is typified by one seller and many buyers?
A)reverse auction
B)horizontal auction
C)traditional auction
D)vertical auction
E)diagonal auction

Question

FIGURE 6-4 
-As depicted in Figure 6-4 above, what type of online auction is typified by one seller and many buyers?
A)reverse auction 
B)horizontal auction 
C)traditional auction 
D)vertical auction 
E)diagonal auction

Quizplus · Accepted Answer

The type of online auction depicted in Figure 6-4 is a traditional auction, which involves one seller and multiple buyers placing bids in order to win the item being auctioned off. Reverse auctions involve one buyer and multiple sellers competing to provide the lowest price for a specified product or service, while vertical auctions involve multiple buyers and sellers within the same industry or supply chain. Horizontal and diagonal auctions are not typically used to describe online auctions.

FIGURE 6-4 -As Depicted in Figure 6-4 Above, What Type of Online