Ask Question
17 April, 19:10

In what type of auction does a buyer initiate the process by submitting a description of the desired product or service?

+2
Answers (1)
  1. 17 April, 19:31
    0
    Dutch Auction

    Explanation:

    The type of auction that is being described is called a Dutch Auction. Like mentioned in the question this is a type of auction in which the buyer initiates the process by submitting a description of the desired product or service, and when selling a high asking price is set and lowered until a participant accepts or the reserve price is met.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In what type of auction does a buyer initiate the process by submitting a description of the desired product or service? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers