Author Question: What is the reverse auction model? (a) The seller sets the lowest acceptable amount he will ... (Read 63 times)

big1devin · **on:** Jul 7, 2018

What is the reverse auction model?

(a) The seller sets the lowest acceptable amount he will accept for the item and the buyers bid on it.
(b) The seller sets an amount for the lowest possible bid on the item, and the buyers bid on it.
(c) The buyer sets a price as sellers compete to match or even beat it.
(d) The seller sells the item to the auction service, which then auctions the item off.

Question 2

What is a database designed to do as part of a merchant server?

(a) It is designed to automate the process of shipping the merchandise to its purchaser.
(b) It is designed to personalize the shopping experience of every individual customer.
(c) It is designed to keep track of the amounts of money competitors are charging for identical items.
(d) It is designed to store and report on large amounts of information.