The type of auction which have many buyers and only one seller and the bidder raises the price of an offer is classified as _________?

Related Mcqs:

1. The type of auctions which considers both situations such as, many buyers and one seller or one seller and many buyers, is classified as ___

   A. Australian auctions B. English auctions C. Dutch auctions D. Sealed-bid auctions...

2. The price discrimination in which the seller charges different prices for different classes for buyers is classified as ___________?

   A. fourth-degree discrimination B. second-degree price discrimination C. first-degree price discrimination D. third-degree discrimination...

3. Considering the Dutch auctions, the technique in which the auctioneer lower the announced price till bidder accepts price is used in situation of ________?

   A. One seller, many buyers B. One buyer, many sellers C. many sellers, many buyers D. None of above...

4. The pricing technique according to which seller’s charge high prices every day and offer low prices on temporary basis is classified as __________?

   A. high low pricing B. value pricing C. perceived pricing D. everyday low pricing...

5. Considering auction-type pricing, the techniques are involved like ___________?

   A. English auctions B. Dutch auctions C. Sealed-bid auctions D. all of the above...

6. The price discrimination in which seller charges less to the customers, who buy in large volumes is classified as __________?

   A. second-degree price discrimination B. first-degree price discrimination C. third-degree discrimination D. fourth-degree discrimination...

7. The price discrimination in which seller charges different prices to different customers on the basis of their demand is classified as __________?

   A. second-degree price discrimination B. first-degree price discrimination C. third-degree discrimination D. fourth-degree discrimination...

8. The consumer promotion technique according to which seller sells two or three units of product at reduced price is classified as?

   A. price packs B. cents off deals C. advertising specialties D. both a and b...

9. The price reduction is awarded to buyers who buy services and goods in off-season is classified as __________?

   A. oligopolistic discount B. equalizing discount C. offset discount D. seasonal discount...

10. The type of trading in which buyers and sellers exchange goods in place of payments is classified as _______?

    A. ascending trade B. sealed trade C. countertrade D. descending trade...