A bid is the terms of sale offered by different suppliers in response to the purchase specifications posted by the buyer.
Correct Answer:
Verified
Q28: Specialized search engines can help a business
Q41: A business buyer who uses general purpose
Q42: A close buyer-seller relationship in a business
Q45: At a procurement site, competition among sellers
Q47: Online communities are one way for buyers
Q50: Reverse auctions foster competition among buyers.
Q54: Reverse auctions are less effective when the
Q54: As B2B buyers rely more on social
Q55: White papers, case studies, blogs, and videos
Q56: Internet tools used in the B2B market
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