-As shown in Figure 5-6B above, what type of online auction does one buyer and many sellers typify?
A)forward auction.
B)reverse auction.
C)traditional auction.
D)vertical auction.
E)bidder's war.

Question

-As shown in Figure 5-6B above, what type of online auction does one buyer and many sellers typify?
A)forward auction. 
B)reverse auction. 
C)traditional auction. 
D)vertical auction. 
E)bidder's war.

Quizplus · Accepted Answer

One buyer and many sellers typify a reverse auction, where the sellers compete to offer the lowest price to the buyer.

-As Shown in Figure 5-6B Above, What Type of Online