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What is a reverse auction ?
1:09
YouTubeB2Bwhiteboard
What is a reverse auction ?
A reverse auction is a type of auction in which the roles of buyer and seller are reversed. In an ordinary auction (also known as a forward auction), buyers compete to obtain a good or service by offering increasingly higher prices. In a reverse auction, the sellers compete to obtain business from the buyer and prices will typically decrease as ...
29.6K viewsDec 15, 2013
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