Buy custom Electronic Auction Markets: eBay explored
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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2431 |
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Different auction websites have different auction rules and bidding procedures. For example eBay has its own procedure of how to bid on and sell items in its auction system. At the moment a potential buyer places a bid on an item, this person is automatically obliged to a contractual agreement in the event of a win (eBay...
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EBay enforces all auctions to have a minimum starting bid and a reserve price. This reserve price acts as the minimum price the seller is willing to accept for the item. Any auction that does not reach up to the reserve price, will fail and the seller does not have the obligation to provide the item...
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