At tobacco auctions, what are buyers referred to as?

Study for the Nashville Auction School Exam. Prepare with flashcards and multiple choice questions, each with hints and explanations. Get ready for your auctioneer license!

At tobacco auctions, buyers are commonly referred to as "sets." This terminology is specific to the context of tobacco sales and relates to the grouping of buyers who come together to bid on tobacco products. The term "sets" reflects a collective approach among the buyers, indicating the cooperative nature of the bidding process at tobacco auctions.

Understanding this terminology is crucial for anyone involved in the tobacco auction industry, as it highlights how various players interact within the marketplace. The other options, such as "groups," "clusters," and "assemblies," do not specifically pertain to the tobacco auction context and are not used in the same way to describe buyers in this setting. Thus, "sets" is the precise term that accurately captures the relationship and activities of buyers at tobacco auctions.

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