58A reverse auction refers to an buctionMultiple Choice8 ees. 40 where firms may sell their overstock-unused raw materials, packaging, and tools-to the highest bibler in which e manufacturer offers to share its facilites, invernory, or services wet ofter smaller frim fall ere inted to tell in competion with each other. in which a smaller manufacturer seeks to share the factivies, invertory, or services of a larger from, and infles those forms to bid in competition with each other. in which a buyer communicates a need for a product or service and would be suppliers are invited to bid in competition with each other. where firms seek to purchase other firms' overstock-unused raw materials, packaging, and tools-while trying to find the lowest price possible.Prey58 of 80