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Exam CSCP topic 1 question 543 discussion

Actual exam question from APICS's CSCP
Question #: 543
Topic #: 1
[All CSCP Questions]

Which of the following types of auctions is an example of multiple sellers creating the lowest prices to buyers?

  • A. Forward
  • B. Dutch
  • C. Reverse
  • D. Demand management
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Suggested Answer: C 🗳️
by Rajiv8047 at Nov. 25, 2023, 6:09 p.m.

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GA301
1 year, 2 months ago
Selected Answer: C
Reverse Auction is the right answer.
upvoted 2 times
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Rajiv8047
1 year, 4 months ago
Selected Answer: B
In a Dutch auction, the price of an item starts high and decreases until a buyer bids on the item. This means that the lowest prices are created by multiple sellers competing with each other to sell their items.
upvoted 2 times
SVGNR
4 months, 4 weeks ago
reverse auction is the correct answer ..the keyword in the question is multiple sellers :-)
upvoted 1 times
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