Reverse Auctions Should Only Be Used When

question 6

Multiple Choice

Reverse auctions should only be used when:

• A) The materials are generic, i.e. standard shelf items.
• B) All responding suppliers are fully qualified
• C) All supplier materials are identical
• D) The buyer does not need a long term relationship
• E) All of the above

---

Definitions:

Business Invitee

A person who enters commercial premises for the purpose directly or indirectly related to the business of the premises owner, under the owner's invitation.

Business Guest

A visitor to a company or organization for professional reasons, often invited for meetings, partnerships, or conferences.

Business Premises

The physical location of a business, including all its land and buildings, where commercial operations are conducted.

Legal Issue

A dispute or question that requires interpretation of the law, often arising within the context of a lawsuit or legal proceeding.