Which of the following occurs in a reverse pricing model?
A) Customers specify the product they are looking for and how much they are willing to pay for it.
B) Companies set the prices that customers pay for products.
C) Companies conduct an online auction for all products available for sale.
D) Customers specify the product they are looking for and the company provides the product with a price.
E) Companies negotiate special volume discounts with local businesses and offer them to their customers.

Question

Quizplus · Accepted Answer

In a reverse pricing model, the customers specify the product they are looking for and how much they are willing to pay for it. The companies then decide whether or not to fulfill the customer's request at the specified price.

Which of the Following Occurs in a Reverse Pricing Model