REVERSE PRICING
Module X XXXXXXXXXX Board
XXXXXXX’s Name
Institutional Affiliation
Reverse XXXXXXX XX a XXXXXXX XXXXXX to the XXXXXX XXXXXXX it gives XXXX powers by XXXXXXXX XXX XXXXXX XX XXXXXXX for their businesses. Customers determine the XXXXXX for XXXX XXXXX instead of the suppliers' XXXXXXX. XXXX allows customers XX mention prices they are comfortable with XXXXXXX of XXXXXX XXXXX the XXXXX guesses XXXX XX XXXXXXXXX. XX general, the XXXXX has higher leverage than XXX XXXXX one. It is also an advantage XX XXX XXXXXX because XXXX get to compete XXX XXXXXX that best suit their XXXXXXXX XXX products (Chernev, 2019).
Reverse XXXXXXX allows XXXXXXXXX to XXXXXXXX their requirements, especially of a XXXXXXXXXX product and XXXXXXX, XXX bid a given price XX the seller, depending on XXXX the seller XXX XXX. XXX main difference XXXXXXX XXXX pricing XXXXX and XXXXXX is that the seller does not XXXXXX their products to the XXXXX. The end-XXXX XXXXX XX a special XXXXX, which XX XXX final sale price or the XXXXXXX retail price. After XXXXXXXX the prices into the XXXXXX, it automatically back calculates the XXXXX, margin, XXXXXXXX, freights, XXX XXXXX XXXXXXXX depending XX the business's XXXXX cycle. The formula XX mainly used in cement XXX retail industries XXXXX XXXXXXXXX b vendors XXX XXXXXXX by concentrating on the final XXXXX.
XXXXXXXXX
Chernev, X. (2019).XXXXXXXXX marketing management: XXXXXX XXX practice. , : Cerebellum Press.