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Publishing Fundamentals MCQs

Which of the following best describes an 'auction' in a publishing house?

The agent arranges a meeting with several publishers in a room, and the bidding works like a regular auction.

A book is given a certain purchase price for editors, and then all bids are revealed in the open, and a bidding frenzy begins.

A process whereby a title is submitted, particularly by a literary agent, to a number of publishers in order to secure the best offer or highest price.

A secret ballot is employed on pieces of paper dropped off at the publishers by special delivery.

None of the above

Answer

Correct Answer: A process whereby a title is submitted, particularly by a literary agent, to a number of publishers in order to secure the best offer or highest price.

Explanation:

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