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Question 1: What is the primary concept associated with reverse auction?
A. Allow buyers to speak with the incumbent supplier(s) during an auction to encourage competition.
B. Bid compression. Efficiently achieve market price in hours versus weeks.
C. Allow suppliers to increase RFP pricing, if necessary.
D. Make it easy for a buyer to make an award decision.
Correct Answer: B
1   2   3   4   5   6   
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