Which of the Following Occurs in a Reverse Pricing Model

question 17

Multiple Choice

Which of the following occurs in a reverse pricing model?

• A) Customers specify the product they are looking for and how much they are willing to pay for it.
• B) Companies set the prices that customers pay for products.
• C) Companies conduct an online auction for all products available for sale.
• D) Customers specify the product they are looking for and the company provides the product with a price.
• E) Companies negotiate special volume discounts with local businesses and offer them to their customers.

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Definitions:

Redundancy

The inclusion of extra components or systems that are not strictly necessary, to provide backup in case of failure.

Primary Key

A unique identifier for each record in a database table, ensuring no two rows have the same key.

Employee Table

A structured arrangement of data often in rows and columns that pertains to employees.

Social Security Number

A nine-digit number issued to U.S. citizens, permanent residents, and temporary working residents that tracks individuals for Social Security and tax purposes.