An online real-time purchasing technique utilized by the procuring entity to select the successful bid, which involves presentation by bidders of successively more favourable bids during a scheduled period of time and automatic evaluation of bids is termed:
A. e-procurement.
B. e-publishing.
C. Electronic Bidding.
D. Electronic Reverse Auction.
Answer:D
An online real-time purchasing technique utilized by the procuring entity to select the successful bid, which involves presentation by bidders of successively more favourable bids during a scheduled period of time and automatic evaluation of bids is termed:
A. e-procurement. B. e-publishing. C. Electronic Bidding. D. Electronic Reverse Auction.