Question

What is the process in which a buyer posts its interest in buying a certain quantity of items, andsellers compete for the business by submitting successively lower bids until there is only oneseller left?

Accepted Answer

A)  b2b marketplace
B)  intranet
C)  reverse auction
D)  internetE) B) and D)
F) B) and C)

Exam 1: E-Commerce

What is the process in which a buyer posts its interest in buying a certain quantity of items, andsellers compete for the business by submitting successively lower bids until there is only oneseller left?

Correct Answer
verified

Exam 1: E-Commerce

What is the process in which a buyer posts its interest in buying a certain quantity of items, andsellers compete for the business by submitting successively lower bids until there is only oneseller left?

Correct AnswerverifiedShow Answer

Correct Answer
verified