Which of the Following Is a Key Difference Between Auctions

question 63

Multiple Choice

Which of the following is a key difference between auctions and clearinghouses?

• A) Auctions are used for low-value products whereas clearinghouses are used for high-value products.
• B) Clearinghouses take title to the goods they sell whereas auctions do not.
• C) Clearinghouses facilitate B2B sales whereas auctions facilitate B2B and B2C sales.
• D) Auctions support a competitive bidding process whereas clearinghouses sell at a stated price.