Business: Market
Reverse Auction   (+2, -2)  [vote for, against]
Sellers compete for the lowest price for their stuff.

This is the direct opposite to an auction in which people compete to purchase merchandise for the highest price. In the reverse auction, a buyer lists what he needs and then sellers bid for the lowest price.
-- Jscotty, Mar 29 2009

Reverse Auction http://en.wikipedia...iki/Reverse_auction
Reverse Auction Already Baked [cindik, Mar 29 2009]

Who knew [cindik]? Go figure [jscotty].
-- blissmiss, Mar 29 2009


Used sometimes in automotive supply.
-- RayfordSteele, Mar 29 2009


Tendering, or Calling For Bids, is well baked in business & government.
-- DrBob, Mar 30 2009


Ok.. let us MFD this one and pretend like it never happened. ;)
-- Jscotty, Mar 30 2009


lol
-- fishboner, Apr 27 2009



random, halfbakery