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This Concept Map, created with IHMC CmapTools, has information related to: Auction, Reverse Auctions is one buyer wants to buy a product or a service. (One Buyer, Many Potential Sellers), Reverse Auctions named also bidding or tendering system, one buyer wants to buy a product or a service. (One Buyer, Many Potential Sellers) invites sellers to submit bids(prices), Auction has Types, Types are Forward Auctions, Forward Auctions is a seller entertains bids from many potential buyers, Types are Reverse Auctions, Auction find more information in the linked file