The phrase ‘market maker’ is commonly applied to intermediaries in reverse auctions who facilitate the meeting of buyer and sellers in an online auction. The market is made when the intermediary persuades the sellers to participate and competitive bids are received. In practice, buyers stimulate market making by making it easy for sellers to compete for their business. See also Auction and Marketing, Reverse.« Back to Glossary Index
Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.