Why Online Auctions?

Auctions have been taking place since around the early fifth part century - this practice has continued into modern multiplication 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 ram - by 2006 online auctions are expected to gene footstep an estimated $48.5 one thousand million in sales (Guerrilla Retail, 2003). The industry is growing at a remarkable rate and provides consumers and line of merchandisees with spick-and-span and advanced shipway to buy and sell cloud or highly work products which were previously inaccessible through with(predicate) traditional marketing methods. Online auctioning is utilise 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 subject 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 inescapably refer to an individual - these terms encompass a panoptic range of participants ranging from large multi-national corporations to SMEs (small-medium enterprises) right through to a head-to-head person selling home-made goods from their own residence. Likewise, a buyer stub 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. Although convenient, there is an division of seek involved 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 status to say the question - why online auctions? There are a number of different types of online auctions - the most common of t hese is the english auction as... ! If you need to get a full essay, order it on our website: OrderEssay.net

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