Business and Industry

What is an auction?


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2011-06-22 16:58:38
2011-06-22 16:58:38

An auction is where a group of people are bidding on an item. As one person names a price, the next names one higher. Eventually they will reach a price that only one person is willing to pay. That person is then the winner of the item.


Related Questions

To auction is a verb, an auction is a noun.

we had auction for thing. Samson adeola rocks.I went to an auction to try and buy a car.I bid for a BMW at the auction but lostSome people sell their house by auction.

A forward auction is the "ordinary auction" we are all used to today. In a forward auction, the buyer bids on the sellers item, and the prices of the item increases during the auction. On the other hand, a reverse auction switches the roles of the buyer and the seller. In a reverse auction, the sellers are competing for the buyers business, and the prices of the items the sellers are selling decrease during the auction.

form_title=Auction Event form_header=Hold an auction event to generate revenue for your company. Approximately, how much money do you estimate will be generated from this auction event?=_ When would you like to hold the auction event?=_ What types of items would you like to auction off? =_ How many items will be up for auction? =_

Auction is a noun and a verb.

when is the next auction

How do I get an auto auction licence? So I can buy cars at an auction.

States have nothing to do with an auction choosing to be a dealer only auction or a public auction. Thus there is no state that "requires" a dealer licenses to buy at an auction. This a requirement of the auction if it chooses to be dealer only.

A reverse auction is the most common auction model for large purchases.ร‚ During a reverse auction, the sellers bid to obtain business from a potential buyer.

The word 'auction' is a noun.

You are not able to purchase a home prior to auction unless the auctioneer and/or auction company has provisions with the seller to permit such a sale.

The plural form for the noun auction is auctions.

You have to be a licensed auctioneer to auction a home, look for either a local or national auction company in your area.

One can participate in an auction using a computer by either locating an online auction site or retrieving the official website for a physical auction. Sites that allow one to partake in an auction include eBay and eBid.

Interesting question. Here goes. A reverse auction is a type of auction in which the roles of buyers and sellers are reversed. In an ordinary auction (also known as a forward auction), buyers compete to obtain a good or service, and the price typically increases over time. In a reverse auction, sellers compete to obtain business, and prices typically decrease over time.

Where do you get a car auction licenses in Texas

what is the difference between an auction and a tender

Richard Madley was the anchor of IPL auction

That is the correct spelling of the word "auction" (sale by bidding).

The Phantom of the Opera starts with an auction.

The duration of Auction Kings is 1440.0 seconds.

The duration of Auction Hunters is 1320.0 seconds.

The duration of The Auction Block is 1.17 hours.

Arthur Ready Metcalfe has written: 'Complete auction bridge' -- subject- s -: Auction bridge 'Auction bridge with nullos' -- subject- s -: Auction bridge

Here are some sentences.We went to the auction and bought an old lamp.He bid on the shelf at the auction but didn't win it.

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