A Reverse Auction Is an Auction Format in Which Increasingly

question 96

Short Answer

A reverse auction is an auction format in which increasingly lower bids are solicited from organizations willing to supply the desired product or service at an increasingly ________ price.

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Definitions:

Rewards

The benefits, compensation, and recognition provided to employees for their performance and contributions to the organization.

Performance Management Systems

Tools and processes that organizations use to monitor, evaluate, and improve individual and organizational performance.

Strategic

Relating to the identification of long-term or overall aims and interests and the means of achieving them.

Developmental

Pertaining to growth or progress, often used in contexts relating to personal, professional, or organizational advancement.