Write a short note on E-Auction
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An e-auction is a transaction between sellers (the auctioneers) and bidders (suppliers in business to business scenarios) that takes place on an electronic marketplace. It can occur business to business, business to consumer, or consumer to consumer, and allows suppliers to bid online against each other for contracts against a published specification.
This kind of environment encourages competition, with the result that goods and services are offered at their current market value.
Types of eAuction
eAuction Process
Benefits for Buyers
Benefits for Suppliers
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3
Answer:
An e-auction is a transaction between sellers (the auctioneers) and bidders (suppliers in business to business scenarios) that takes place on an electronic marketplace. It can occur business to business, business to consumer, or consumer to consumer, and allows suppliers to bid online against each other for contracts against a published specification.
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