A reverse auction refers to an auction $\_\_\_\_\_\_\_$

Question $41$Answer

a$.$

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.

b$.$

where firms seek to purchase other firms$$ overstock$$unused raw materials, packaging, and tools$$while trying to find the lowest price possible.

c$.$

where firms may sell their overstock$$unused raw materials, packaging, and tools$$to the highest bidder.

d$.$

in which a smaller manufacturer seeks to share the facilities, inventory, or services of a larger firm, and invites those firms to bid in competition with each other.

e$.$

in which a manufacturer offers to share its facilities, inventory, or services with other smaller firms that are invited to bid in competition with each other.