Some e-businesses following the B2B e-business model create a marketspace for reverse auctions in which a single business bids on products or services from multiple competing businesses.

Question

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In a B2B (Business-to-Business) e-business model, reverse auctions are a common practice where a single buyer (business) solicits bids from multiple sellers (businesses), creating a competitive environment for suppliers, often leading to lower prices for the buyer.

Some E-Businesses Following the B2B E-Business Model Create a Marketspace