Ask Question
BusinessBusiness
23 June, 07:38

In what type of auction does a buyer initiate the process by submitting a description of the desired product or service?

+4
Answers (1)
  1. 23 June, 11:15
    0
    Dutch Auction

    Explanation:

    The type of auction that is being described is called a Dutch Auction. Like mentioned in the question this is a type of auction in which the buyer initiates the process by submitting a description of the desired product or service, and when selling a high asking price is set and lowered until a participant accepts or the reserve price is met.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In what type of auction does a buyer initiate the process by submitting a description of the desired product or service? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which type of business buying situation offers marketers the greatest opportunity but also the greatest challenge?
Answers (1)
Exercise 10-3 Sell or process further LO P2 Cobe Company has already manufactured 28,000 units of Product A at a cost of $28 per unit. The 28,000 units can be sold at this stage for $700,000.
Answers (1)
Bernie madoff, who was sentenced to 150 years in prison for creating a ponzi scheme which caused clients to lose millions of dollars, engaged in which form of crime?
Answers (1)
The following data relate to direct materials costs for February: Materials cost per yard: standard, $2.00; actual, $2.10 Standard yards per unit: standard, 4.5 yards; actual, 4.
Answers (1)
a. MF Corp. has an ROE of 16% and a plowback ratio of 50%. If the coming year's earnings are expected to be $2 per share, at what price will the stock sell? The market capitalization rate is 12%. (Do not round intermediate calculations.) b.
Answers (1)
New Questions in Business
Why does unoka consult the oracle? what does the oracle tell him?
Answers (1)
Which job title would be given to someone responsible for supervising production in a manufacturing setting?
Answers (1)
If a management team wishes to boost the company's stock price, then it should consider actions to
Answers (1)
On March 15, Year 1, Kathleen Corp. adopted a plan to accumulate $1,000,000 by September 1, Year 5. Kathleen plans to make 4 equal annual deposits to a fund that will earn interest at 10% compounded annually.
Answers (1)
A natural monopoly's preemption of entry by other firms by exploiting its economies of scale is an example of
Answers (2)
Home » Business » In what type of auction does a buyer initiate the process by submitting a description of the desired product or service?
Sign Up Forgot Password?