-Which type of auction does Figure 5-6B above represent?
A)traditional auction
B)vertical auction
C)reverse auction
D)horizontal auction
E)reciprocal auction

Name: -Which type of auction does Figure 5-6B above represent? A)traditional auction B)vertical auction C)reverse auction D)horizontal auction E)reciprocal auction
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Question

-Which type of auction does Figure 5-6B above represent?
A)traditional auction 
B)vertical auction 
C)reverse auction 
D)horizontal auction 
E)reciprocal auction

Quizplus · Accepted Answer

Figure 5-6B represents a reverse auction, where multiple sellers compete to win a contract from a buyer by offering lower and lower prices.

-Which Type of Auction Does Figure 5-6B Above Represent