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A reverse auction is a type of auction in which the roles of buyer and seller are reversed.In a reverse auction, the sellers compete to obtain business from the buyer and prices will typically decrease as the sellers underbid each other.A reverse auction is similar to a unique bid auction as the basic principle remains the same; however, a unique bid auction follows the traditional auction format more closely as each bid is kept confidential and one clear winner is defined after the auction finishes.अनुवाद लोड हो रहा है...
Reverse Auction
1.0 by Develop Scripts LLC
Oct 28, 2020