Reverse auction – In it several sellers bid for one buyer’s order.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"It is an e-business between auctioneers and bidders. The auctioneer usually government department offers goods, commodities or services on an auction side. Interested parties submit their bid for the product to be auctioned in certain specified period. The auction is transparent, all interested parties are allowed to participate the auction in a timely manner. The…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-112034","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\n
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