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Hi,
Is revese auction a kind of C2B?In a normal auction, purchasers bid for items, and the person who places the highest bid usually ends up with the item.
With a reverse auction, the buyer advertises for an item or a service. Sellers then place bids for the amount they expect to be paid. Generally, the seller who places the lowest bid will win..
It could be C2B or B2B.
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‘lowest bid will win.. ‘
lowest????I am puzzled.FOR seller,is the revenue the more the better.
???thax
- Topics: 18
- Replies: 20
- ☆
‘lowest bid will win.. ‘
lowest????I am puzzled.FOR seller,is the revenue the more the better.
???thax
Yes, but this is essentially a tendering process. The buyer says “I want to buy X”. Sellers make offers and the buyer will choose the lowest price offered. Sellers have to steer a careful course between offering to supply at a relatively high price (and not winning the contract at all) and offering to supply at a very low price, winning the contract but not making much profit, or worse, making a loss.
HTH
- Topics: 18
- Replies: 20
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got it
thax
🙂
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