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 normal auction, often called an English auction, involves bidders starting with a low price and gradually increasing their bids until no one is willing to bid higher, with the highest bidder winning the item. In contrast, a Dutch auction starts with a high price that is systematically lowered until a bidder accepts the current price, at which point the item is sold. The key difference lies in the bidding process: normal auctions build up the price, while Dutch auctions reduce it.
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
From my point of view I think no!!
Ravindra Jadeja
Why yes there is. :)
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
Yes, in the game of Monopoly, properties are typically auctioned if a player chooses not to buy them when landing on them.
you auction..
an auction
A normal auction, often called an English auction, involves bidders starting with a low price and gradually increasing their bids until no one is willing to bid higher, with the highest bidder winning the item. In contrast, a Dutch auction starts with a high price that is systematically lowered until a bidder accepts the current price, at which point the item is sold. The key difference lies in the bidding process: normal auctions build up the price, while Dutch auctions reduce it.