Which of the following is true for an auction with reserve?
A) The seller retains the right to refuse the highest bidder.
B) Invitations to make an offer are not allowed.
C) Goods cannot be withdrawn from sale after the offer has been made.
D) A bid once made cannot be withdrawn and is legally binding.
A
Business
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Identify the type of promotion that gives away the product itself or a closely related product
A) price-oriented promotion B) product-oriented promotion C) trade promotion D) vertical promotion
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Many business buyers prefer to buy a total solution to a problem from one seller. This process is also known as ________
A) channel consolidation B) systems buying C) vertical buying D) horizontal buying E) supply buying
Business