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

Related MCQs

• A product or service that customers have come to expect from an industry, which must be offered by new entrants if they wish to compete and survive, is known as a(n)?
• Which form of e-marketplace brings together buyers and sellers from multiple industries, often for MRO materials?
• Which form of e-marketplace brings together buyers and sellers from the same industry?
• Which form of e-marketplace brings together buyers and sellers from multiple industries, often for MRO materials?
• Which form of e-marketplace brings together buyers and sellers from the same industry?
• Security is a serious concern for e-business managers and there are many potential risks concerning unauthorized access to customer and company data. One way this occurs is through misleading users through setting up a bogus website and gaining user details online. What is this method known as?
• What items are traded in e-business
• …………………..is the buying and selling of goods and services through wireless handled devices such as cellular phone and Personal Digital Assistants
• ……………allows a business application on the computer of one organization to communicate directly with the business application on the computer of another company.
• ……………allows a business application on the computer of one organization to communicate directly with the business application on the computer of another company.