As shown in Figure 6-6B above,what type of online auction does one buyer and many sellers typify?
A)forward auction.
B)reverse auction.
C)traditional auction.
D)vertical auction.
E)bidder's war.

Question

Quizplus · Accepted Answer

The type of online auction that one buyer and many sellers typify is a reverse auction. In a reverse auction, multiple sellers compete with each other to win a bid from the buyer, resulting in the lowest price being offered.

As Shown in Figure 6-6B Above,what Type of Online Auction