3 years ago

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

Business

1 answer:

liq [111]3 years ago

6 0

Answer:

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.

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3 years ago

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

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