(MANAGEMENT INFORMAATION SYSTEM)
? ? ? ? ? (ONLINE AUCTION WEBSITES)
? Submitted by- ? ? ? ? ? ? ? ? ? ? ? ? Submitted to-
? Raju pal ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? PARUL SINHA
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Date: 01/04/2011
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? INTRODUCTION
Online Auction: A public sale in which property or items of merchandise are sold to the highest bidder.
The growing popularity of the Internet and digital communications has led more consumers to experience online auctions.
An online auction is the fastest growing segment of e-commerce. It is the new way of buying and selling just about anything on the Internet. Online auctions are becoming important selling and buying channels for many companies and individual. Online auction are similar to traditional offline auctions except that they are done online. It is brings traditional auctions to the web by providing services to a geographically dispersed to customer base and thus increases significantly the number of goods and services auctioned. Based on the brokerage business model, auctions bring the buyers and sellers together with a similar interest who are geographically dispersed in a virtual marketplace. Online auctions make good business sense. They help suppliers to manage their stocks more efficiently and improve profitability, and while customers can cut time and cost from their purchasing process.
Online auctions are sales transactions involving competitive bidding that are conducted over the Internet. Whether the sales take place between individuals, between consumers and merchants, or between businesses, online auctions have enjoyed a rapid increase in popularity. The value of goods and services traded through consumer online auctions more than doubled from $3 billion in 1999 to $6.4 billion in 2000, according to a Jupiter Research study quoted by Joelle Tessler in?
Source: http://nyessay.com/uncategorized/mis-eassy/
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