A reverse auction is
A) similar to EBay, except that the bidders are wholesalers, not consumers.
B) when companies request vendors to provide quotes for common items such as supplies they wish to purchase.
C) when companies solicit on-line orders from customers at lower than retail prices.
D) when companies receive payment for products or services before receiving their goods.
B
You might also like to view...
Hiring a janitorial service firm rather than employing full-time employees is an example of outsourcing
Indicate whether the statement is true or false
Consider the following constraint and its associated binary variables: XA + XB = 1
This constraint is an example of an if-then constraint. Indicate whether the statement is true or false
Reasons why an insured might add a scheduled personal property endorsement to a homeowners policy include which of the following?
I. To lower the premium by limiting the perils covered II. To obtain higher limits for certain personal property A) I only B) II only C) both I and II D) neither I nor II
In the context of business market segmentation, _____refers to dividing the market based on the concentration of customers.
A. geographic segmentation B. customer-based segmentation C. behavioral segmentation D. product-use-based segmentation