In which of the following business models do businesses request quotes from suppliers and use B2B with a reverse auction mechanism?
A)Find-the-best-price
B)Electronic tendering system
C)Name-your-own-price
D)Online direct marketing
E)Affiliate marketing

Question

Quizplus · Accepted Answer

The business model described is consistent with an electronic tendering system, where businesses request quotes from suppliers and use reverse auctions to choose the best bid. Option A, find-the-best-price, typically involves consumers comparing prices from different retailers. Option C, name-your-own-price, is associated with Priceline's consumer-to-business model for travel and tourism. Options D and E, online direct marketing and affiliate marketing, are focused on promoting and selling products to consumers rather than facilitating B2B transactions.

In Which of the Following Business Models Do Businesses Request