The most common formats of auction used on the internet to date have been English auctions for C2C transactions and sealed-bid auctions for B2B transactions.

Name: The most common formats of auction used on the internet to date have been English auctions for C2C transactions and sealed-bid auctions for B2B transactions.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The statement is false. While English auctions are common for C2C transactions, B2B transactions more commonly use English auctions rather than sealed-bid auctions.

The Most Common Formats of Auction Used on the Internet