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10 Things You Should Know Before You Bid On A Business Product From An Online Auction
10 Things You Should Know Before You Bid On A Business Product
From An Online Auction by: William R. Nabaza of
http://www.Nabaza.com
1. Know the value of the product before you bid. If the product
is brand new, check to see what price...
Net Auctioning…The Other Home Business
More and more moms and dads are starting to realize the importance of working at home everyday. Childcare expenses can be one huge reason why. Nobody wants to go to work at a JOB everyday that they hate just to cover the expenses of childcare....
Police Auctions & Government Auctions Professional Resource Information
Police Auctions Information: No, a police auction is not where you go to buy a policeman. Most people do not realize that police agencies, including local police departments, county sheriff departments, as well as state and federal law enforcement...
Real Estate Auction Action - Buying A Home At Auction
Due in part to the popularity of the U. S. Department of Housing and Urban Development (HUD)'s home auction program, more potential homebuyers than ever are buying homes at auction. Homes for auction aren't limited to just HUD, however. Many...
Selling on Auction Sites
Reprintable Article: Permission is granted for the following article to forward, reprint, distribute, use for ezine, newsletter, website, offer as free bonus or part of a product for sale as long as no changes are made and the byline, copyright,...
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Auction and its benefits
An auction is basically a public sale wherein any object is sold to the highest bidder. It can be defined as a process
of purchasing and selling things by offering them up for bid, taking bids and selling the things out to the highest bidder. This is what is generally the case. However, a sale to the lowest bidder may also take place, in cases where land is sold for non-payment of taxes to anyone willing to take it for the shortest term; or where a contract is offered to an individual or party willing to take it for the shortest term; or where a contract is offered to an individual or party willing to perform it at the lowest price. Such cases too seem to fairly come under the purview of the term ‘auction’.
In case of auction the seller presents the products on a public platform. The selling price of the products are determined by the bids or offers of buyers interested in
buying them based on their individual estimation of value of and need of the products. The person offering the highest bid at closing of auction receives the right to purchase the products at the bid price. The winner of the bid is normally legally bound to buy the item auctioned. In recent times auctions have been conducted online.
The benefits of auction are many. Some of the significant
advantages are:
a)The auctioned item fetches the highest price in the given situation. Thus, in a way there is the maximization or optimization of profit.
b) At an auction the goods are almost certainly disposed off after bidding by their sale to the highest bidder. Hence,
this serves as the right podium for disposing or selling out of accumulated goods. Otherwise, business could have become
stagnant due to the stocking of these goods. Certain items could also have perished (in case of perishable goods) or expired if not sold out in time.
c) In case of auctioning a variety of articles may come up for sale, which may not be otherwise available in the market.
The buyer can get quite surprised by looking at a treasure trove of antique articles available at an auction.
d) An auction can also be considered as a method for estimating the value of certain commodities which have hitherto undetermined or variable prices.
About the author:
Author bio:
Author: S.M
http://www.autocastle.com/
http://www.autocastle.com/dealers.asp
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