If you are a seller and want to trade a huge quantity of hay, then you can choose Dutch auction; so that once a price is quoted you can sell it to the people for the same price.
If you are a seller and want to trade a huge quantity of hay, then you can choose Dutch auction; so that once a price is quoted you can sell it to the people for the same price.
Running head AUCTION1AUCTION 8AUCTION.docxhealdkathaleen
Running head: AUCTION 1
AUCTION 8
AUCTIONS
Marquita Phillips
Dr. Phyllis Isley
ECO 550: Managerial Accounting
19-08-2019
Similarities and Differences
English Auction versus Dutch Auction
The Open Ascending Price Auction is the most popular type of auction. We know it better as The English Auction. The way that an English auction works is what you probably already have in mind. From what you have seen on television or have witnessed in real life. It is basicallay a bidding war, with the price of the sale going higher and higher until only one person has the highest bid and they of course become the winner of the item they were bidding on. Placing a bid in an English Auction is done by electronic means or vocally, just yelling out. There is always a starting price. The starting price is basically the lowest amount that they seller is willing to let the item go for. Of course no seller wants the low ball numbers and often hope that by having a low starting price for the bid, it will attract more sellers and with more sellers, comes the chance for a higher price. An auction is over when the bid reaches its maximum value, and no participant is willing to offer a higher amount. A negative aspect of the English Auction is that buyer may offer a price that is higher than the real value of the product. Additionally, the requirement of constant and proper communication sometimes can be a little difficult and expensive (Coppinger, Smith & Titus, 2010).
Descending Price Auction, which is also better known as, the Dutch Auction is a type of auction where the bidder starts bidding at a higher price than the original value of the items being bidded on. The owner or auctioneer of the product starts at a higher price and gradually lowers the price of the items. However, the price cannot go beyond the holding price. This auction type is intended for bulk items, and here the seller specifies the number of identical items to sell at a minimum price. In Dutch auctions, both the highest bidder and the earliest bidder are winners for the available quantity of products. It is also important to note that in a Dutch auction, mainly perishable items, such as crops, fish, and other food items are sold (Coppinger, Smith & Titus, 2010).
One major difference between English Auctions and Dutch Auctions is the way that the pricing for the bidding is done. English Auctions uses an ascending price auction, meaning the bid is always started at the lowest price acceptable and end at the highest price that someone is willing to pay. Dutch Auction uses a descending price auction. As you can imagine descending means they start at the highest price acceptable and work backwards to gradually lower the price. In English Auctions most of the products are non-perishable items and sold in single numbers, while the Dutch Auctions products are mainly perishable items that are sold in bulk. (Coppinger, Smith & Titus, 2010).
Vickery Auction and Sea ...
Although used interchangeably with other types of auctions, a liquidation auction technically refers to a company selling its assets. These assets could be unsold inventory, office furniture, or anything else of value the company owns. The auction may be a voluntary event by a business, or involuntarily conducted as a result of bankruptcy or legal judgment. As with all types of auctions, bidders have the opportunity to snap-up quality items at deep discounts.
Chad roffers 7 steps-to-winning-at-auctionChad Roffers
Chad Roffers is an entrepreneur and innovator in the real estate industry. As a Managing Director for the international luxury real estate company Concierge Auctions, LLC, Roffers draws on his background in online advertising, negotiation and real estate to manage the selection and marketing of properties that span the globe. Over the last decade, he has overseen the successful sale of over $1 billion of real estate.
Everyone has something they can sell – a possession, a skill, some knowledge. Many of us who work for a living “sell” our skills and knowledge to our employers or clients. But what people often don’t realize is how much money they can make by selling personal possessions they no longer need. Auctions create the perfect marketplace for a wide variety of items. By following some selling tips for consigning at auctions, you’ll be well on your way to putting extra cash in your pocket.
Running head AUCTION1AUCTION 8AUCTION.docxhealdkathaleen
Running head: AUCTION 1
AUCTION 8
AUCTIONS
Marquita Phillips
Dr. Phyllis Isley
ECO 550: Managerial Accounting
19-08-2019
Similarities and Differences
English Auction versus Dutch Auction
The Open Ascending Price Auction is the most popular type of auction. We know it better as The English Auction. The way that an English auction works is what you probably already have in mind. From what you have seen on television or have witnessed in real life. It is basicallay a bidding war, with the price of the sale going higher and higher until only one person has the highest bid and they of course become the winner of the item they were bidding on. Placing a bid in an English Auction is done by electronic means or vocally, just yelling out. There is always a starting price. The starting price is basically the lowest amount that they seller is willing to let the item go for. Of course no seller wants the low ball numbers and often hope that by having a low starting price for the bid, it will attract more sellers and with more sellers, comes the chance for a higher price. An auction is over when the bid reaches its maximum value, and no participant is willing to offer a higher amount. A negative aspect of the English Auction is that buyer may offer a price that is higher than the real value of the product. Additionally, the requirement of constant and proper communication sometimes can be a little difficult and expensive (Coppinger, Smith & Titus, 2010).
Descending Price Auction, which is also better known as, the Dutch Auction is a type of auction where the bidder starts bidding at a higher price than the original value of the items being bidded on. The owner or auctioneer of the product starts at a higher price and gradually lowers the price of the items. However, the price cannot go beyond the holding price. This auction type is intended for bulk items, and here the seller specifies the number of identical items to sell at a minimum price. In Dutch auctions, both the highest bidder and the earliest bidder are winners for the available quantity of products. It is also important to note that in a Dutch auction, mainly perishable items, such as crops, fish, and other food items are sold (Coppinger, Smith & Titus, 2010).
One major difference between English Auctions and Dutch Auctions is the way that the pricing for the bidding is done. English Auctions uses an ascending price auction, meaning the bid is always started at the lowest price acceptable and end at the highest price that someone is willing to pay. Dutch Auction uses a descending price auction. As you can imagine descending means they start at the highest price acceptable and work backwards to gradually lower the price. In English Auctions most of the products are non-perishable items and sold in single numbers, while the Dutch Auctions products are mainly perishable items that are sold in bulk. (Coppinger, Smith & Titus, 2010).
Vickery Auction and Sea ...
Although used interchangeably with other types of auctions, a liquidation auction technically refers to a company selling its assets. These assets could be unsold inventory, office furniture, or anything else of value the company owns. The auction may be a voluntary event by a business, or involuntarily conducted as a result of bankruptcy or legal judgment. As with all types of auctions, bidders have the opportunity to snap-up quality items at deep discounts.
Chad roffers 7 steps-to-winning-at-auctionChad Roffers
Chad Roffers is an entrepreneur and innovator in the real estate industry. As a Managing Director for the international luxury real estate company Concierge Auctions, LLC, Roffers draws on his background in online advertising, negotiation and real estate to manage the selection and marketing of properties that span the globe. Over the last decade, he has overseen the successful sale of over $1 billion of real estate.
Everyone has something they can sell – a possession, a skill, some knowledge. Many of us who work for a living “sell” our skills and knowledge to our employers or clients. But what people often don’t realize is how much money they can make by selling personal possessions they no longer need. Auctions create the perfect marketplace for a wide variety of items. By following some selling tips for consigning at auctions, you’ll be well on your way to putting extra cash in your pocket.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
Website Link :
https://skyeresidences.com/
https://skyeresidences.com/about-us/
https://skyeresidences.com/gallery/
https://skyeresidences.com/rooms/
https://skyeresidences.com/near-by-attractions/
https://skyeresidences.com/commute/
https://skyeresidences.com/contact/
https://skyeresidences.com/queen-suite-with-sofa-bed/
https://skyeresidences.com/queen-suite-with-sofa-bed-and-balcony/
https://skyeresidences.com/queen-suite-with-sofa-bed-accessible/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-king-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed-accessible/
#Skye Residences Etobicoke, #Skye Residences Near Toronto Airport, #Skye Residences Toronto, #Skye Hotel Toronto, #Skye Hotel Near Toronto Airport, #Hotel Near Toronto Airport, #Near Toronto Airport Accommodation, #Suites Near Toronto Airport, #Etobicoke Suites Near Airport, #Hotel Near Toronto Pearson International Airport, #Toronto Airport Suite Rentals, #Pearson Airport Hotel Suites
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
3. Whether online or offline, auctions are quite popular
and have been a major attraction for businessmen as
well as common folks and it existed as far as one can
trace back in history. Auctions have existed since the
dawn of time, and they simply continued evolving
alongside its society. In case you are new to auctioning
or if you want to skim through the basic rules, here are
the basic steps that can be seen at a regular auction.
5. There is an object in which you wish to sell, but do not
know how much it could go for; in that case, it may be
better to have it shown to everyone. (It is also quite
possible that you know the value of the object, but
simply want to fetch the highest price possible.)
7. After setting a base price for your object, it is then given
to an auctioneer. This so-called auctioneer can either be
a real person or a website that acts as a virtual mediator.
9. The auction is shown to the public (which does not apply
to a silent auction) people then bid on the object; if
Person A bets $5, then any other individual wishing to
acquire the object must bid $5 plus an increment.
11. The auction will end under at least three circumstance: if
the auctioneer deems the current bid so impressive that
he closes the auction, if the time allotted for the object
has finished and finally, if one person bid and no other
person decided to outbid him.
13. When the digital age came, it brought with it some very
important auction-like websites that specialize in having
items presented and sold exactly like offline auctions.
Evidently, offline auctions end much quicker than online
ones, since the later can actually last for days with bids
flying left and right. As well, it is normally easier to
navigate and get information about items up for auction
on a nicely organized website. Where the offline
auctions get the higher hand is when it is time to finalize
the transaction with the exchange of good and money.
In an online auction, you need to place trust in the seller
to actually send you the item as they will normally wait
until they
14. received the money before sending the object to you;
such problem does not occur in offline auctions
17. Being patient is a key strategy in both type of auctions,
but is probably more prominent in offline auctions, as
everyone came with a set amount of money. It is quite
possible that inexperienced buyers will be eager to
participate in bid wars; waiting is actually quite a good
option, if you are patient, you may see a clearer picture.
19. Sniping is a legitimate and quite popular technique used
in online auctions. Since online auctions are timed, an
eager buyer will be constantly watching over the item. If
you bid an amount of money an hour before it ends, the
eager buyer will definitely notice and bid higher. Sniping
consists of bidding as close to the end as possible;
although very frustrating, this technique allows you to
bid higher than other buyers and blocks them from
outbidding you as by the time the higher bid is noticed,
the auction will have ended. Obviously if you are out-
snipped, then you will have learned the risks of sniping.