In the _____ marketplace model, the reverse auction is typically used.
A) buy-side
B) sell-side
C) group purchasing
D) electronic exchange

Question

Quizplus · Accepted Answer

In the buy-side marketplace model, reverse auctions are typically used by buyers to procure goods or services. In this model, suppliers compete against each other to win contracts by offering the lowest bid, which is the reverse of traditional auctions where buyers bid up the price of items.

In the _____ Marketplace Model, the Reverse Auction Is Typically