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Question
A reverse auction refers to an online auctionA. where firms may sell their overstock - unused raw materials, packaging, and tools - to the highest bidder.
B. 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.
C. 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.
D. 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.
E. where firms seek to purchase other firms' overstock - unused raw materials, packaging, and tools - while trying to find the lowest price possible.
Answer
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