Transcript
E - Auction
+
It can occur
between
B2B
B2C
C2C
G2C
G2B
Types of Auctions
Forward Auction Reverse Auction
Reverse Auction
Forward Auction
Types of Auction
English Auction
Price
Dutch Auction
Price
Japanese Auction
Price
Advantages
• Increased Revenues
• Lower Transaction and Administrative Cost
• Market Transparency
• Opportunities to find Unique Products
• Anonymity
Disadvantages
• Shilling
• Bid Shielding
• Misleading Information
• Loss/Damage Claim
• Fraud
Precautions
• Familiarise with the Auction Website
• Learn before Bidding
• Be careful about Personal & Financial Info Disclosure
• Save 100% Transaction Info
• Smell out Fraud Early
Thank You
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