APICS Certified Supply Chain Professional (CSCP) — Question 73

In which of the following forms of electronic commerce do suppliers attempt to offer the lowest price to buyers?

Answer options

• A. Dutch auction
• B. Reverse auction
• C. Business-to-business commerce (B2B)
• D. Business-to-consumer sales (B2C)

Correct answer: B

Explanation

The correct answer is B, Reverse auction, where multiple suppliers compete to offer the lowest price to a buyer. Option A, Dutch auction, involves buyers bidding down prices, while C and D refer to specific types of commerce without a direct focus on price competition among suppliers.