What Is the Difference Between a Reverse Auction and Mass

question 85

Multiple Choice

What is the difference between a reverse auction and mass customization?

• A)Reverse auction is most often found in B2B whereas mass customization is often found in B2C.
• B)Reverse auction requires a bid from consumers whereas mass customization requires a bid from suppliers.
• C)Mass customization require a click-and-mortar environment;reverse auctions do not.
• D)Mass customization can sell digital products;reverse auctions sell commoditylike products.

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Definitions:

Stock Traded

Shares of ownership in a company that are bought and sold on a stock exchange.

Stockholders' Equity

Stockholders' equity represents the ownership interest of shareholders in a corporation, calculated as total assets minus total liabilities.

Shares

Shares represent units of ownership interest in a corporation or financial asset, providing an entitlement to a portion of the company's profits and assets.