Definition Edit

E-commerce Edit

A reverse auction (also called a procurement auction, e-auction, sourcing event, e-sourcing or eRA) is a tool used in industrial business-to-business procurement. It is a type of auction in which the role of the buyer and seller are reversed, with the primary objective to drive purchase prices downward. In an ordinary auction (also known as a "forward auction"), buyers compete to obtain a good or service. In a reverse auction, sellers compete to obtain business.

Telecommunications Edit

A frequency spectrum reverse auction is a process where

References Edit

1. ↑ Middle Class Tax Relief and Job Creation Act of 2012, Pub. L. No. 112-96, §6402(G)(ii) and §6403(a).

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