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Timed bidding auctions allow users to bid at any time during a defined time period, simply by entering a maximum bid. Timed auctions take place without an auctioneer calling the sale, so bidders don't have to wait for a lot to be called. This means that a bidder doesn't have to keep his eye on a live auction at a specific time.
Usually, these goods have been sold by 'private treaty'. This means that the goods have already been sold off, usually to a trader or dealer on a private, behind-the-scenes basis before they have had a chance to be offered at the auction sale. These goods are rarely in single lots – photocopiers or fax machines would generally be sold in bulk ...
An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected devices. [1] [2] [3] Similar to in-person auctions, online auctions come in a variety of types, with different bidding and selling rules.
A no-reserve auction (NR), also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price. [1] [2]From the seller's perspective, advertising an auction as having no reserve price can be desirable (but risky) because it potentially attracts a greater number of bidders due to the possibility of a bargain. [1]
A buy market-if-touched order is an order to buy at the best available price, if the market price goes down to the "if touched" level. As soon as this trigger price is touched the order becomes a market buy order. A sell market-if-touched order is an order to sell at the best available price, if the market price goes up to the "if touched ...
Bid, in a financial market, the price a market maker will buy a commodity at to buy a product in such a way; see bid–ask spread; Bid manager, an executive sales role within an organization, responsible for managing bids; Bid price, a price offered for a good by a potential buyer or a price offered by a potential vendor to perform a specific job
Buy one, get one free deals are one of the oldest sale tactics in the book. But if you think about it, Wallin says, the same offer could be written as, “Buy two, get 50% off of each.” Of ...
In microeconomics, consumers set their reservation price as the highest price they are willing to pay for goods or a service, while sellers set the lowest price at which they would sell. Similarly, in finance , the reservation price—also called the indifference price —is the value at which an investor would be willing to buy (or sell) a ...
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