Question: In _ _ _ _ _ _ _ _ _ _ , the buying firm initializes the auction by submitting a description of the product

__________,

the buying firm initializes the auction by submitting a description of the product or service. Sellers then place bids based on their offer to fulfill the buyer

s needs. The seller who bids the lowest price wins the contract.

Question

4

options:

Amazon.com

traditional auctions

silent auctions

reverse auctions

eBay

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