| "What do we do? We offer a reverse auction style website. Until now a reverse auction (also called procurement auction or e-sourcing ) was 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 a reverse auction, sellers compete to obtain business. This is how large companies, retail stores, and manufacturing facilities make a profit." - |
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