Brokerage Model- different types of auctions- examples with screenshots
- 2. •Brokers bring sellers and buyers of products and services together to engage in transactions. • Charges a fee to at least one party involved in a transaction.
- 3. KINDS OF PRICE DISCOVERY MECHANISMS: •FORWARD AUCTION •REVERSE AUCTION •MARKET EXCHANGE •UNIQUE VALUE AUCTION
- 4. FORWARD AUCTION Auction in which one seller offers item(s) for bidding and several buyers compete to offer the price the seller will accept. Eg: ebay.in, marketdojo.com, opt- source.com.
- 7. REVERSE AUCTION A reverse auction (also called procurement auction, e-auction, sourcing event, e- sourcing) is a tool used in business-to- business procurement. In this process, the role of the buyer and seller is reversed, with the primary objective to compete purchase prices downwards. Eg: Quibids.com,priceline.com
- 11. MARKET EXCHANGE Similar to barter system. Customer community can share and exchange products each other. Showing negative growth.
- 16. UNIQUE VALUE AUCTION • Strategy game related to traditional auctions where the winner is usually the individual with the lowest unique bid. • Bidders pay a fee to make a bid, or may have to pay a subscription fee in order to be able to participate.