irms routinely place orders with suppliers online and in real time. Perhaps the most significant change in the purchasing process is the advent of ___________.
A) eBay
B) reverse auctions
C) Amazon.com
D) silent auctions
E) traditional auctions

Question

Quizplus · Accepted Answer

Reverse auctions have revolutionized the purchasing process by allowing suppliers to bid against one another in real-time, resulting in lower prices for the buyer. eBay and Amazon.com are online retail platforms, while traditional and silent auctions are not commonly used in the purchasing process for IRMs.

Irms Routinely Place Orders with Suppliers Online and in Real