What is the process in which a buyer posts its interest in buying a certain quantity of items, and sellers compete for the business by lower bids until there is only one seller left?

What is the process in which a buyer posts its interest in buying a certain quantity of items, and sellers compete for the business by lower bids until there is only one seller left?

  • Correct Answer: E-Commerce
  • Reverse Auction
  • B2B Marketplace
  • Auction

Explanation: Intranet

Join our channels for latest updates

More Random Questions

Q: Where was the 50th G-7 Summit 2024 held?
Ans: Italy
Q: What provides clear evidence of evolution?
Ans: mutations
Q: Which country first developed the printing press?
Ans: Germany
Q: A patient post-gastrectomy develops dumping syndrome. Which dietary modification is most effective?
Ans: Small frequent meals
Q: What is the only light that people can see?
Ans: UV light
Q: What was the core PCE inflation rate projected for 2025 by the Federal Reserve in March?
Ans: 2.8%
Q: Which edtech company has topped the Time's global ranking?
Ans: Emeritus
Q: Which of the following is a Sneha Dravya used in Nirooha Basti?
Ans: Madhu
Q: Where did investors shift focus in February 2025?
Ans: Domestic markets
Q: Who will host the 2034 Men's FIFA World Cup?
Ans: Saudi Arabia
Q: A polar covalent bond is a covalent bond between different atoms that attract the shared electrons by different amounts and cause an imbalance of what ?
Ans: electron distribution
Q: What was the expected inflation rate for 2025, per Vanguard Group?
Ans: 4%
Q: Which ministry is related to 'Sparsh Seva'?
Ans: Ministry of Defence
Q: According to Sushruta, which Basti is contraindicated in Athisara?
Ans: Nirooha Basti
Q: Proper chemical formulas for ionic compounds balance the total positive charge with what?
Ans: total negative charge
Youngistan Junction
Youngistan Junction

Welcome to Youngistan Junction, your ultimate hub for staying updated with the latest in current affairs, general knowledge, and general studies! Whether you're a student gearing up for exams or just someone passionate about expanding your knowledge, Youngistan Junction is here to provide you with an extensive collection of well-curated questions and answers.

Articles: 6658