Asked by
Young Picasso
on Oct 24, 2024
Verified
eBay is a commonly known reverse auction website.
Reverse Auction
A type of auction in which the roles of buyer and seller are reversed, with sellers competing to obtain business from the buyer by offering the lowest price.
eBay
An online marketplace that allows individuals and businesses to buy and sell a wide variety of goods and services.
- Identify different online business models and their characteristics.
Verified Answer
FV
Learning Objectives
- Identify different online business models and their characteristics.