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    Computing
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    Electronic Commerce
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    Exam 2: E-Commerce: Mechanisms, Infrastructure, and Tools
  5. Question
    Forward Auctions Are Bidding or Tendering Systems in Which the Buyer
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Forward Auctions Are Bidding or Tendering Systems in Which the Buyer

Question 69

Question 69

True/False

Forward auctions are bidding or tendering systems in which the buyer places an item for bid on a request for quote (RFQ)system; then potential suppliers bid on the job,with the price reducing sequentially,and the lowest bid wins.

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