An auction has basic steps: 1) an object's owner wants to sell it; 2) the owner brings the object to an auctioneer; 3) bidding begins and ends when the auctioneer closes it or the time expires; 4) the highest bidder wins. Auctions can be offline with people bidding in person or online over days. Key strategies are patience, as impatient buyers may overpay, and "sniping" by bidding at the last minute online to avoid being outbid.
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.
Люди любят деньги. Однако, большие деньги их портят. Не стоит полагаться на то, что изобретенная бонусная система сможет повысить продуктивность. Сотрудники всегда способны придумать 400 сравнительно честных способов максимизации бонуса. Прозрачность и понятность процесса сильно страдают.
Тем не менее в большинстве крупных компаний выстроены системы KPI для повышения финансовой заинтересованности в результате. Многим руководителям трудно представить, как можно управлять без этого инструмента. Безусловно, есть определенная доля правды. Это действительно удобный инструмент.
Приходите на доклад, мы разберемся, есть ли рациональное зерно в KPI и какими они должны быть в agile организации.
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.
Люди любят деньги. Однако, большие деньги их портят. Не стоит полагаться на то, что изобретенная бонусная система сможет повысить продуктивность. Сотрудники всегда способны придумать 400 сравнительно честных способов максимизации бонуса. Прозрачность и понятность процесса сильно страдают.
Тем не менее в большинстве крупных компаний выстроены системы KPI для повышения финансовой заинтересованности в результате. Многим руководителям трудно представить, как можно управлять без этого инструмента. Безусловно, есть определенная доля правды. Это действительно удобный инструмент.
Приходите на доклад, мы разберемся, есть ли рациональное зерно в KPI и какими они должны быть в agile организации.
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.
Discover how to negotiate your next property purchase in Australia. Learn the top ten tips to successfully negotiating your next property purchase - take control of the process!
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.