Which of the following allows the consumer to enter a maximum price and the auction software automatically places incremental bids, up to that maximum price, as their original bid is surpassed?
A) watch lists
B) proxy bidding
C) sealed bidding
D) price matching

Question

Quizplus · Accepted Answer

The feature described is proxy bidding, where the auction software automatically places incremental bids on behalf of the consumer up to their maximum bid. Watch lists allow consumers to save items they are interested in to monitor their status, sealed bidding involves submitting a single, secret bid, and price matching involves a retailer matching a competitor's price.

Which of the Following Allows the Consumer to Enter a Maximum