| gen. |
online auction (Using the Web to match buyers and sellers around the globe. eBay pioneered the online auction in 1995, and Amazon.com, Yahoo and others quickly followed. Priceline added a variation by asking buyers to name the price they want to pay and see if a seller will match it. See eBay, Amazon.com, priceline.com, sniping software and bid shielding. Computer Desktop Encyclopedia copyright ©1981-2015 by The Computer Language Company Inc. Alexander Demidov); electronic auction (The electronic auction (eAuction) is an e-business between auctioneers and bidders, which takes place on an electronic marketplace. It is an electronic commerce which occurs business to business (B2B), business to consumer (B2C), or consumer-to-consumer (C2C). The auctioneer offers his goods, commodities or services on an auction side on the internet. Interested parties can submit their bid for the product to be auctioned in certain specified periods. The auction is transparent, all interested parties are allowed to participate the auction in a timely manner. The two major types of the electronic auction are forward auction in which several buyers bid for one seller's goods and reverse auction in which several sellers bid for one buyer's order. WK Alexander Demidov); e-auction (An auction that takes place between remote bidders by means of a computer network. WT Alexander Demidov); cyberauction (An auction that takes place between remote bidders by means of a computer network. WT Alexander Demidov) |
