Computer Concept about Auction

1. ICED LEMON TEA
COMPUTER CONCEPT

2. AUCTIONS
An auction is a process of buying
and selling goods or services by
offering them up for bid, taking
bids, and then selling the item to
the highest bidder.
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3. TWO MAJOR TYPES OF AUCTION
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4. AUCTIONEERS & BIDDERS
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• Middlemen
who sell products in auctions i
n
which bidders competitively bid
upon their offered product with
the highest offered
price winning.
Auctioneers
• Contractor, supplier,
or vendor who responds to
an invitation to bid (ITB).
Bidders

5. FORWARD AUCTION
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It takes the form of a
single seller offering
an item for sale, with
buyers competing to
secure the item by
bidding the price
upward.
It underlie everything
from eBay and other
online auction sites
to auctions of art,
wine, and other
collectibles.
It should be utilized for
sales of goods and
services of all types.

6. REVERSE AUCTION
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REVERSE AUCTION
A single buyer
makes potential
sellers aware of
their intention to
buy a specified
good or service.
The sellers bid
against one
another to
secure the
buyer’s
business, driving
the price to be
paid for the item
downward.
Is the most
typically used for
procurement by
private
companies, p
ublic
sector agencies,
and non-profit
organizations.

7. E-AUCTIONS
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# An e-business between auctioneers and
bidders, which takes place on an electronic
marketplace.
# Held over the internet.
# 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.

8. ICED LEMON TEA
DISADVANTAGES
OF E-AUCTIONS
Overpaying
Fakes
Scams

9. ICED LEMON TEA
ADVANTAGES
OF E-AUCTIONS
Convenience
Time Saving
Selection
Access to Full Information

10. ICED LEMON TEA