A player auction is a form of auction used in online Video Games to sell an item to the highest bidder. You can learn more about player auctions and list your items up for sale online at the Player Auctions website.
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.
A reverse auction is the most common auction model for large purchases. During a reverse auction, the sellers bid to obtain business from a potential buyer.
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.
what is the difference between an auction and a tender
Name your own price is an auction, a "sealed bid" auction. The highest bidder gets the good or service and you don't get to hear other participants' bids. A reverse auction is where the prices start high and go lower, a setup used in supplier sourcing and procurement.
From my point of view I think no!!
Why yes there is. :)
Ravindra Jadeja
not that I have ever heard of - what would be the point?
Mashrafi Murtaza
Yes, Michael Jordan was a point guard player.
To auction is a verb, an auction is a noun.
Knight Riders for $2.4M
you auction..
an auction
an auctioneer
There is no Pawneer on HorseIsle 2 like there is on the original HorseIsle game. Instead, there is an auction house where a player can allow the "foreign bidder" bid on an unwanted horse. If this bidder wins the auction, the horse will be removed from the game.