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

Question

Figure 6-6b
-shown in Figure 6-6b above,what type of online auction do 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 sellers compete against each other to offer the lowest price to the buyer.

Figure 6-6b -Shown in Figure 6-6b Above,what Type of Online Auction Do