What is reverse auction and how it works?

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An reverse auction is a sort of sale where the jobs of purchaser and vender are switched, with the essential goal being to drive buy costs descending. In a conventional sale (otherwise called a forward closeout), purchasers contend with one another to buy labor and products from a dealer. In a converse closeout, the merchant contends with different venders to get the best cost for their labor and products.

Katherine Desilvia Asked question October 25, 2022