Economics

ABSTRACTAn online auction sale bridge site works as a grocery store where participants offer or bid for breaker points and functions over the supposed Internet . It is a 24 /7 kind of service that allows its participants to think and search before purchasing and bidding the item . This convenient means of marketing has become a equivalentable technique for buyers who need long time to decideAuctions sites also extend an internet access to all interested parties , treaters and bidders alike , from every place of the world . This gives the participants a hassle-free market where they can diminish the cost of attending a typical auction that ordinarily happens in a conference area which could be less(prenominal) accessible and far from the bidders . Another marketing strategy that has make auctions site successful is that the bidding process involved creates a social-interaction environment that can be compared with that of gambling . All bidders do their part in hoping to win and acquire the item beingness bid . And because of this hope to win , bidders may act like playing the game instead of acquiring the items and services . This auction site technique somehow makes its bidders addicted to bidding , which goes the similar way as being addicted to gambling - a technique that encourages customer loyaltyBecause of the increasing population of prospective bidders and sellers auction sites may offer promising affordable prices of products and services that are relatively beneficial to both parties - the sellers and the bidders . This setting encourages more and more participants to join the online auction thus , increasing the market advantageousness of online auction sitesAlthough auction sites provide considerable advantages to its participants , online auction may also create a market for delinquent persons to sell ripped-off , sidetracked and fabricated goods - a major problem that can incomplete be controlled nor stopped by the site organizing for an online bidding .

deviation from the fraudulent goods being sold , online auction give its retailers an picking to provide to its bidders the complete or deficient product randomness . Important product specification may not be present at all time and the product images may not comprehensive enough for the bidders . Even so , the finality and responsibility over the items being bid still remained to be the verdict of the biddersDespite the several attempts of enumerating the bad effects of online auctions , a spot of auction sites remained to exist over time especially in a fast-paced world of technology where people would favour to do things that are more convenient and accessible to them . The side by side(p) top 2 sites explain how they have made an spectacular impact to its participants and how the popular sites have made similarities and differences among each otherCOMPARISONBoth eBay and uBid provide the buyers with options to buy the products immediately . They offer this buy it now skylark where the interested buyers can purchase the items without encountering any delay by undergoing the process of bidding . Additionally , uBid and eBay similarly offer a number of product categories . They both provide the...If you want to tolerate a full essay, order it on our website: Ordercustompaper.com

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