Economics · E-Commerce
What is the process called in which a buyer posts an interest in buying a certain commodity, and multiple sellers compete for the business by submitting successively lower bids?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Intranet
- 2Reverse Auction✓
- 3Forward Auction
- 4B2B Marketplace
Correct answer
Reverse Auction
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