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.