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:

Believing

involves accepting something as true or having confidence in the truth, existence, or reliability of something without direct proof.

Risks

The potential for loss or harm when undertaking an action.

Inconsistency

The quality of being irregular or not staying the same throughout, often leading to unpredictability.

Discipline

a field of study or branch of knowledge but also refers to training people to obey rules or a code of behavior, using punishment to correct disobedience.