ExamTopics Logo
Mail Us[email protected]
Menu
Apics Discussions
exam questions

Exam CSCP All Questions

View all questions & answers for the CSCP exam
Go to Exam

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
Show Suggested Answer Hide Answer
Suggested Answer: C 🗳️
by Rajiv8047 at Nov. 25, 2023, 6:09 p.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
GA301
11 months ago
Selected Answer: C
Reverse Auction is the right answer.
upvoted 2 times
...
Rajiv8047
1 year, 1 month 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
1 month, 2 weeks ago
reverse auction is the correct answer ..the keyword in the question is multiple sellers :-)
upvoted 1 times
...
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel
exam
Someone Bought Contributor Access for:
SY0-701
London, 1 minute ago