Large private organizational buyers and government agencies make large- volume or large-value purchases through also known as *.reverse auctions viral marketing O online direct marketing O name-your-own-price models O electronic tendering systems

Electronic tendering system

Explanation:

Electronic tendering system is an internet based method whereby the tendering process is completed. This is typically used.by large organizations or government agencies when they want to make large purchases.

The tendering process from the advertisement to the receiving and submitting of every information that are relating to the tender will be done online.

This method helps in efficiency because it reduces or completely eliminates paper-based transactions which therefore brings about a faster exchange of information.