Reverse Auctions Are a Type of ________ Auctions

question 31

Multiple Choice

Reverse auctions are a type of ________ auctions.

• A)one-buyer,one-seller
• B)one seller,many potential buyers
• C)one buyer,many potential sellers
• D)many buyers,many sellers

---

Definitions:

Utilities

Essential services provided by public and private sectors such as water, electricity, gas, and sewer services.

Taxes

Compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Northern Mexico

A geographical region of Mexico, often characterized by its vast deserts, maquiladoras (manufacturing plants), and proximity to the United States border.

Electronics Firms

Companies that specialize in designing, manufacturing, selling, or distributing electronic devices and components.