alleryStart learning →Home › Bihar Board Class 12 (Commerce) › Business Studies › Emerging Modes of Business › Which e-business application lets a single buyer…
Which e-business application lets a single buyer invite bids from many sellers online?
AForward auction
BOnline share trading
CReverse auction
DElectronic delivery
Answer & Solution
Correct answer: C. Reverse auction
A reverse auction is e-procurement in which one business purchaser trades online with many sellers.
Related questions
Which model describes consumers selling to other consumers online?Which model lets brands sell directly to end customers without retail intermediaries?E-commerce is the buying and selling of products and services over what?Which outsourced service does the NCERT text suggest firms can use for toll-free customer Which option lists newer forms of outsourcing arrangements?Which term means sending work to suppliers outside one's own country?Firms mainly outsource to cut which kind of expenses?Which benefit can outsourcing give even when nothing is moved abroad?