In a reverse auction,____________.
A)Multiple sellers invite bids from one buyer
B)One buyer invites bids from multiple sellers
C)One buyer invites bids from one seller
D)Multiple sellers invite bids from multiple buyers

Question

Quizplus · Accepted Answer

In a reverse auction, one buyer invites bids from multiple sellers, with the goal being to obtain the goods or services at the lowest price possible. This is in contrast to a traditional auction where multiple buyers compete to obtain a product or service from a single seller.

In a Reverse Auction,____________