Question

E-Auction has one of the major characteristics as
1) constant pricing
2) dynamic pricing
3) complet pricing
4) rigid pricing
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Answer 1

E-Auction has one of the major characteristics of dynamic pricing.

• E-Auction is the auction taking place electronically.
• The transaction takes place in an electronic marketplace between the sellers and bidders.
• Dynamic pricing means demand pricing or surge pricing or time-based pricing.
• This means prices being kept will depend on the market at that time, therefore dynamic pricing is a flexible pricing method.
• This type of pricing is most common in online markets, auction-based eCommerce stores, etc.
• Such platforms use dynamic pricing to extract maximum money from their customers.
• They make use of a special algorithm that increases the price of the product with each bid.

Answer 2

Answer:

The central feature of E-Auctions is dynamic pricing.

Explanation:

Dynamic pricing means prices vary with the context. It works differently in the 4 main types of E-Auctions:

• English -  Traditionally the lowest bidder gets the goods.  
• Japanese -The buyer's fixed price is lowered at intervals till seller accepts.  
• Dutch- Opposite of the Japanese method.
• Classic Reverse- sellers  offer competitive prices.