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Why did Georgia auction Cherokee land to sellers beginning in 1828?
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What is the difference between a reverse auction and a forward 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.
What happens during a reverse auction?
In a reverse auction sellers are in competition to obtain the buyers business. The name reverse auction is apt because the role of buyers and sellers is reversed and instead of prices escalating, the prices generally go lower as sellers compete for the buyer's business.
What exactly is a reverse auction?
In a reverse auction, a buyer puts a contract out for bid. Sellers offer bids on the item, competing to offer the lowest price. The price generally decreases as the auction progresses with sellers competing to offer the lowest bids.
How is a reverse auction any different than a regular one?
A reverse auction is when the sellers compete to obtain a business, and prices typically decrease over time. With a regular auction, sellers are buying a good or service, and the prices increase over time.
What is the difference in a reverse auction and an ordinary auction?
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 auction block?
The auction block has been used for slavery it is when they (slave sellers) would take a few slaves at a time and let the men auction on these africans.
What auction is the most common auction model for large purchases?
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.
Is a reverse auction different from a regular auction?
In reserve auction, there is a maximum price for the particular auctioned item, and the bid reaches here, then the seller can not increase but lower the reserve price. In a regular auction, the Reserve price is the maximum price for the auctioned item that the seller willing to accept. You can go and check out for live auctions that are running on banknilami website. You can participate there.
Where do eBay get their products?
They don't. Ebay is an auction site, and the products are obtained by individual sellers who use the website.
Is there a local classic car auction I can attend?
The local classic car auctions are at the auction house in your city. They have the gatherings of many people from collectors and sellers. It is a fun and exciting event.
How do you know for sure that you will receive an item when you buy something on eBay?
Check the sellers "feedback" located next to their name on the auction.
What is the meaning of the term reverse bidding?
The term reverse bidding refers to the concept where the role of the buyers and sellers of a typical auction is reversed. So sellers bid at lower and lower prices to acquire buyers.
