An auction in which a seller entertains bids from buyers, and the bidders increase price sequentially best defines
A) reverse auctions.
B) bidding auction system.
C) tendering system.
D) forward auctions.
Answer: D
An auction in which a seller entertains bids from buyers, and the bidders increase price sequentially best defines
A) reverse auctions.
B) bidding auction system.
C) tendering system.
D) forward auctions.