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Sunday, September 26, 2010

Defining the Concept: The Chartered Institute of Purchasing & Supply Offers Its Definition of What a Reverse Auction Is


Well, here is the definition of what constitutes a reverse auction from The Chartered Institute of Purchasing & Supply. CIPS defines it in the following manner:


Reverse auctions


The opposite of the usual kind of auction in which potential buyers  compete to bid the price up. In a reverse auction, which has come into  its own with the Internet, suppliers bid the price down.

David

From the Reverse Auction Research Center: http://reverseauctionresearch.blogspot.com/

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Top Ten Management on SWOT (Strengths, Weaknesses, Opportunities, and Threats ) Analysis: An Overview of a How to Develop a Plan for Organizational Success

This overview of SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis was prepared by Caroline Coats while a marketing major in the College of Business at Southeastern Louisiana University.



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David
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