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Exam CSCP topic 1 question 371 discussion

Actual exam question from APICS's CSCP
Question #: 371
Topic #: 1
[All CSCP Questions]

In which of the following forms of electronic commerce do suppliers attempt to offer the lowest price to buyers?

  • A. Dutch auction
  • B. Reverse auction
  • C. Business-to-business commerce (B2B)
  • D. Business-to-consumer sales (B2C)
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Suggested Answer: B 🗳️
by piotrusl at Jan. 29, 2022, 11:11 a.m.

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piotrusl
Highly Voted 3 years, 4 months ago
Assume that Reverse Auction should be the answer
upvoted 5 times
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ab059f7
Most Recent 10 months, 3 weeks ago
Selected Answer: B
It should be a reverse aunction
upvoted 1 times
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igrd
2 years, 1 month ago
Selected Answer: B
In a reverse auction, suppliers compete against one another by offering the lowest price to buyers. In this process, the buyer submits a request for a product or service, and multiple suppliers submit their bids to provide the desired product or service at the lowest possible price. The buyer can then select the supplier offering the most attractive bid.
upvoted 2 times
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Wtx12345
3 years, 1 month ago
Why not B?
upvoted 3 times
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C (25%)
B (20%)
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