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Write short note on: Reverse and Forward auctions

Mumbai University > Information Technology > Sem 7 > E–Commerce & E-Business

Marks: 10 M

Year: Dec 2013

1 Answer
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  1. Introduction:

    i. Auctions have been highlighted as one of the new Business models for the internet.

    ii. It involves determination of the basis for product or service exchange between a buyer and seller according to particular trading rules.

  2. Types of Auctions:

    The various types of auctions are as follows:

    i. …

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