An auction is a market mechanism that uses a competitive process by which a seller solicits consecutive bids from buyers or a buyer solicits bids from sellers.
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Q6: A portal is an information gateway that
Q7: Private,public,and consortia are three types of e-marketplaces.
Q8: Reverse auctions are bidding or tendering systems
Q9: Intermediaries play an important role in EC
Q10: Online negotiation can be facilitated by computer
Q12: E-procurement is the process of distributing materials
Q15: E-marketplaces have resulted in lower purchasing and
Q16: Negotiation and bargaining are two types of
Q37: A limitation of e-bartering for businesses is
Q39: Shopping carts for B2B are fairly simple,but
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