Which of the Following Is a Key Difference Between Auctions

question 77

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 only B2B sales, whereas auctions facilitate B2B and B2C sales.
• D) Auctions support a competitive bidding process, whereas clearinghouses sell at a stated price.

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