Method and computer medium for facilitating a buyer-initiated feature within a business transaction
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United States of America Patent
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Jul 10, 2012
Grant Date -
N/A
app pub date -
Feb 11, 2010
filing date -
Aug 28, 2002
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A system and method for conducting electronic business between buyers and sellers is provided. The system and method disclose a means for at least one buyer to request and receive online bids from one or more sellers of a particular product according to a price curve or price schedule. A price schedule or curve for a product defining a product's unit price as a function of the volume of product ordered. Upon receipt of a plurality of bids from sellers, a buyer can then select a seller-supplier based at least in part on the price schedule.
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