Why Online Auctions?

Auctions have been taking place since around the early ordinal part century - this practice has continued into modern propagation and, in recent years, has been adapted to the internet to become what is cognize as online auctioning. This concept has taken the online world by act - by 2006 online auctions are expected to gene footstep an estimated $48.5 one million million in sales (Guerrilla Retail, 2003). The industry is growing at a remarkable rate and provides consumers and line of merchandisees with bracing and advanced ship canal to buy and sell cloud or highly specialise products which were previously inaccessible through with(predicate) traditional marketing methods. Online auctioning is use in a compartmentalisation of business relationships, more traditionally in the consumer to consumer (C2C) and business to consumer (B2C) markets. to a greater extent recently, this rural area has expanded to include B2B, or business to business - a highly lucrative sector of the market. These relationships are discussed ulterior in this document. In the context of online auctions, the word seller does not unavoidably refer to an individual - these terms encompass a broad range of participants ranging from large multi-national corporations to SMEs (small-medium enterprises) right through to a mystical person selling home-made goods from their own residence. Likewise, a buyer pot be any of the above entities.

As with any new and innovative concept, there are pros and cons that need to be considered by both buyers and sellers before participating in online auctions. Althoug h convenient, there is an broker of seek i! nvolved in participating in such auctions. This prove discusses and evaluates the positive and negative aspects of online auctioning for consumers and businesses alike with a arrest to say the question - why online auctions? There are a number of different types of online auctions - the most common of these is the english auction as... If you call for to get a full essay, order it on our website: BestEssayCheap.com

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