Robert Williams's Article in Auctions
|
1881
|
Online Reverse Auction – An Easy Accessibility & Effective Price Management
The concept of reverse auction is not the same as that of normal auctions taking place from earlier days. In an auction, the buyer is facilitated to place a bid he/she thinks to be suitable on the amount of a displayed item & hopes it would be the highest of all the bids placed for the particular item which will enable him/her to purchase the item. But in reverse auction, the purchaser gives an advertisement on the requirement of a service or item.
Posted on May-05-2010
|
