Regarding B2B e-commerce:

Question

Quizplus · Accepted Answer

All three statements are correct.

A) Procurement sites allow businesses to request bids from multiple sellers, creating competition among them to win the business.

B) Online auction sites let businesses bid against each other to purchase goods or services, creating competition among buyers.

C) Reverse auction sites allow businesses to submit bids for a project or product, and the lowest bidder wins the business. This creates competition among sellers to have the lowest price and win the business.

Regarding B2B E-Commerce