Which of the following allows the consumer to enter a maximum price and the auction software automatically bids up the goods to that maximum price in small increments?
A) watch lists
B) proxy bidding
C) sealed bidding
D) price matching

Question

Quizplus · Accepted Answer

Proxy bidding allows the consumer to enter a maximum price and the auction software automatically bids up the goods to that maximum price in small increments. Watch lists allow users to keep track of items they are interested in, sealed bidding is a type of auction where bidders submit their bids without knowledge of other bidders, and price matching refers to matching the price of a competitor. None of these options fit the description given in the question.

Which of the Following Allows the Consumer to Enter a Maximum