Week 3 Online Auction

In: Business and Management

Submitted By bgreiner1
Words 440
Pages 2
Online Auction
Brandy Greiner
XBIS/219
29 April 2011

EBay is an online internet site that allows people from all over the world to bid on a variety of products new and used that are located all over the world. EBay offers you a way to place your items up for sale and turn a profit through an auction type setting but, it is all done entirely online. Depending on the product you are selling and the amount you set your reserve at you will be charged a fee for placing your product online. If the product does not sell or the person who purchases does not pay then you will be able to relist the product for no charge. The advantage to selling online is that you are able to sell to people all over the world in all types of settings. Just because you no longer need something it does not mean that there is not someone out there who needs the product you are looking to get rid of. This environment allows you to still do your regular day to day tasks as well as sell goods through the auction so you will not be losing out on income from anywhere else. The disadvantages are that you may get ripped off by people who use credit cards or pay pal accounts that no longer work. In this instance you will have to report a grievance to eBay so that you are able to get your money back and that person will be penalized for their actions. Another disadvantage would be that you keep placing items up there and not selling them which would result in a loss of money for you if you pay to place items on eBay that never sell. I feel as if eBay is a great place for both small scale and large scale sellers to display their merchandise. If you are on the small scale and you are just selling something every now and then you will be able to maintain your eBay account with no problem. If you are a large scale seller than you may want to have several people who have access to your account to…...

Similar Documents

Ebay, Online Auctions

... Different aspects of online auctions, eBay. For assessor only | | 1. Content | | 2. Language structure | | 3. Language accuracy | | 4. Language: format & citing/referencing | | Overall: | | Advisory grade | | Assessor’s initials | | Maastricht UniversitySchool of Business & Economics | Place & Date: | Maastricht, 10-12-2012. | Name, initials: | Elemans, DP | ID number: | I6049135 | Study | International Business | Course Code: | EBC1009 | Group number | 36 | Tutor name: | Nikita Krugljakov | Writing tutor name: | Gaye van Denderen | Writing Assignment | Main Paper (Task 10) | Your UM email address: d.elemans@studentmaastrichtuniversity.nl Table of contents: 1. Introduction 2. Advantages and disadvantages of online auction 2.1 Advantages 2.2 Disadvantages 3. Different types of auctions 3.1 English auction 3.2 Dutch auction 3.3 First-price sealed bid auction 3.4 Second-price sealed bid auction 4. Different methods of bidding 5. Winner’s curve. 6. Example of bidding, using game theory. 7. Conclusion 8. Reference list 9. List of figures and tables 1. Introduction The internet itself started in the sixties in the United States. It has had massive growths and has given the population some very useful tools. The most current development is internet auction, also called online auction. Online auction is a service in which auction users or participants sell or bid for products or services......

Words: 2512 - Pages: 11

Online Auctions

...Online Auction Online Auction Ebay is an online auction service that allows people to sell merchandise and potential buyers to place bids on a variety of items. The length of a auction can last anywhere from a couple days to a couple weeks. While the auction is going on people are all making bids on the merchandise that they are interested in buying. At the end of the auction the person with the highest bid has won the item. The items that are on Ebay range from trading cards to automobiles. In order to buy or sell anything on Ebay a person has to create a profile and after this is done then they can began the process of either buying or selling. Some of the advantages of using Ebay are that it is an online marketplace where you can buy things from all over the world, without leaving your home. You can get things that you would never think anyone would bother to sell, and you can get them cheaply. The search engine allows you to find things that you weren’t even actually looking for. Not only that, but you can send money quickly and electronically to almost all of these sellers, without worrying about currency conversion or exchange rates or anything else. Now some of the disadvantages of using Ebay are that some people never really thought about how much it cost to send even the smallest thing to the other side of the world. The prices sometimes are very high and it will make people think twice about using Ebay. Then another thing is that Ebay is......

Words: 557 - Pages: 3

Online Auction

...Online Auction 2 Online Auction EBay is a great system for sellers that want to cut out the intermediary like pawnshops and other stores that will buy valuables from someone. EBay is set up almost identical to an auction; the only difference is that it is online and people anywhere in the United States or even outside the country can view items that someone may have for sale. A seller takes photos of the item they wish to sell and set up an EBay account. Then, they go through the guided menus and add in information and the price they want to get for the item. People can bid on an item and it goes to the highest bidder at the end of the allotted time. For small sellers, a disadvantage is not being able to sell an item with the buy it now price and they have to wait for buyers that may or may not make it to the price. Another disadvantage is that people are more cautious when buying from sellers with little or no feedback. For larger sellers, having this negative feedback could make buyers hesitant to buy. Larger scale sellers also have access to different features and appear in online searches through Google. These features become available with more sales. If I did open my own E-Tail I would use eBay. My reasoning simply is that it is a website everyone knows of or has at least heard of, and it is available when doing normal online searches. It allows the seller to get the lowest amount they wish to receive for a product, but has potential for the seller to get more......

Words: 286 - Pages: 2

Online Auction (Ebay Assignment) Xbis 219

...Online Auction Name Here XBIS/219 Date Instructor Online Auction The largest online auction site in the world is eBay. People from all over the world come to eBay to buy and sell items. For an individual to sell an item on eBay, a seller must first create an eBay account and a PayPal account. Once the eBay account is created the seller can upload a picture and provide a brief description of the item that he or she wishes to sell. The seller can choose the price of an item to include prices for shipping and returning. Once the item is posted the seller has the option to pay an additional fee to include a “Buy It Now” tab. The “Buy It Now” tab allows buyers to purchase an item for a specific price rather than waiting until the closing time of an item. If the buyers choose to place bids on an item, the seller then can determine which bids for an item he or she wishes to take (eBay, 2011). Some advantages to both small and large scale sellers with eBay is the website’s popularity. There are over 180 million members, creating an enormous market for sellers. Another advantage of eBay to both small and large scale sellers is the convenience. Sellers can post items to sell without worrying about following internet regulation and policies. Some of the disadvantages for both small scale and large scale sellers are the profit losses associated with eBay. There are many fees that eBay charges it sellers such as a listing fee, final value fee, and fees...

Words: 424 - Pages: 2

Mat540 Week 3 Mat 540 Week 3

...MAT540 Complete Course Week 1 to week 11 Click below link for Answer visit www.workbank247.com http://workbank247.com/q/mat540-complete-course-week-1-to-week-11-latest-20/11635 http://workbank247.com/q/mat540-complete-course-week-1-to-week-11-latest-20/11635 MAT540 Week 1 Discussion "Class Introductions"  Please respond to the following: Please introduce yourself, including your educational and career goals, as well as some personal information about yourself. In your introduction, please draw from your own experience (or use a search engine) to give an example of how probability is used in your chosen profession. If you get your information from an online or other resource, be sure to cite the source of the information MAT540 Week 1 Homework Chapter 1 1. The Retread Tire Company recaps tires. The fixed annual cost of the recapping operation is $65,000. The variable cost of recapping a tire is $7.5. The company charges$25 to recap a tire. a. For an annual volume of 15, 000 tire, determine the total cost, total revenue, and profit. b. Determine the annual break-even volume for the Retread Tire Company operation. 2. Evergreen Fertilizer Company produces fertilizer. The company’s fixed monthly cost is $25,000, and its variable cost per pound of fertilizer is $0.20. Evergreen sells the fertilizer for $0.45 per pound. Determine the monthly break-even volume for the company. 3. If Evergreen Fertilizer Company in problem 2 changes...

Words: 2483 - Pages: 10

Acc 281 Week 3 Acc281 Week 3

...com/q/acc-281-complete-course-acc281-complete-course/13482 ACC 281 WEEK 1 DQ 1 BASIC ACCOUNTING EQUATION Basic Accounting Equation. What are the implications of the basic accounting equation? You must respond to at least two of your classmates’ postings to receive full credit  ACC 281 WEEK 1 DQ 2 WHY IS ACCOUNTING NEEDED Why is Accounting Needed? How would healthcare companies operate without accounting? Why do we need financial and managerial accounting and what are the fundamental differences between the two? You must respond to at least two of your classmates’ postings to receive full credit  ACC 281 WEEK 1 DQ 3 HEALTH CARE SPENDING Health Care Spending. Review the information provided at the following website: http://www.govspot.com/features/healthcare.htm. Discuss the major financial challenges of Health Care reform. You must respond to at least two of your classmates’ postings to receive full credit  ACC 281 WEEK 2 DQ DEBIT CREDIT Debit/Credit. Read and respond to question #31 from page 156. You must respond to at least two of your classmates’ postings to receive full credit.  ACC 281 WEEK 2 UNDERSTANDING REAL WORLD FINANCIAL REPORTS Understanding Real World Financial Reports. In a 1-2 page paper, respond to question ATC 4-1 on page 166. ACC 281 WEEK 3 DQ 1 ENRON Enron. Read and respond to ATC 7-7 on page 285. This situation is similar to the Enron scandal from several years ago. Use the Ashford Online Library to research Enron accounting......

Words: 828 - Pages: 4

Soc 308 Week 3 Soc308 Week 3

...com/q/soc-308-complete-course-soc308-complete-course/13595 http://workbank247.com/q/soc-308-complete-course-soc308-complete-course/13595 SOC 308 WEEK 1 DQ 1 CONSTRUCTING RACE (ASH) Constructing Race. Review the PBS website RACE – The Power of an Illusionas you prepare for this discussion. This site offers many examples of how the science of human difference contradicts ordinary ideas of race. As we see in the readings and in this website, race is socially constructed, a system of thought and human behavior not directly based on nature, instead resulting from social ideas and practices. In other words, race exists because people believe it is real and important. Please respond to the following: a. How has race been constructed in the United States? b. Provide a specific example of how race continues to be socially constructed. c. What groups are harmed, and benefit, from these constructions of race?  SOC 308 WEEK 1 DQ 2 IMPLICATIONS OF ANGLO DOMINANCE IN THE UNITED STATES (ASH) Since the European settlement of North America, white, Anglo Americans have dominated the political landscape. Define, in your own words, Anglo dominance and describe how Anglos built and have maintained said dominant system. Assess whether or not Anglos will continue to dominate the political landscape in the United States and what changes are necessary to establish a more equitable sharing of power.  SOC 308 WEEK 2 DQ 1 LEGACY OF SLAVERY (ASH) Dr. King’s famous speech envisions a future in which......

Words: 2120 - Pages: 9

Soc 315 Week 3 Soc315 Week 3

...the Answer: http://workbank247.com/q/soc-315-complete-course-soc315-complete-course/13590 http://workbank247.com/q/soc-315-complete-course-soc315-complete-course/13590 SOC 315 WEEK 1 DQ 1 POLITICAL CULTURE POLICY PREFERENCES (NEW) Political Culture/Policy Preferences. Think about the war between the United States and Iraq. To what degree, if any, did political culture play a role in the decision to go to war, the public’s support of the war, and how public officials discussed the war? Looking at this example, reflect back on historical events and provide another example of how a political culture affected policy preferences.  SOC 315 WEEK 1 DQ 2 SOCIAL MOVEMENTS AND TECHNOLOGY (NEW) Social Movements and Technology. In contemporary society (2000-present), social movements or uprisings do not need to occur in person. Many have been promoted and fought on the Web. Technology can provide a voice for those who would otherwise not able to express themselves. How important is technology in countries that have limited freedom of assembly? Have you ever been in a social movement that was based on an electronic network? If so, describe the importance of technology to the movement’s goals. Based on your answers to the previous questions, explain how to be a force for positive change in the world? SOC 315 WEEK 2 DQ 1 TRADITION AND MODERNITY (NEW) Culture Clash: Tradition and Modernity. Read the case studies “The Democratization of Italy”, “Kashmir”, and “South Africa” in Chapter 2......

Words: 1917 - Pages: 8

Soc 402 Week 3 Soc402 Week 3

...com/q/soc-402-complete-course-soc402-complete-course/13570 http://workbank247.com/q/soc-402-complete-course-soc402-complete-course/13570 SOC 402 WEEK 1 DQ 1 THREE SOCIOLOGICAL PERSPECTIVES Three Sociological Perspectives. Compare the differences among the three major theoretical perspectives in sociology (structural-functionalism, conflict theory, and symbolic interactionism). With which theory and theorist do you find that you share similar views with and why? Your initial post should be at least 250 words in length. Support your claims with examples from required material(s) and/or other scholarly resources, and properly cite any references. Respond to at least two of your classmates’ posts by Day 7.  SOC 402 WEEK 1 DQ 2 QUALITATIVE VS. QUANTITATIVE RESEARCH & THE METHODS OF SOCIAL RESEARCH Qualitative vs. Quantitative Research & the Methods of Social Research. Compare and contrast the advantages and disadvantages of qualitative and quantitative research. Suppose you are to study police brutality, what methods of research (demographics, historical data, surveys, interviews, or observation) would you utilize? Your initial post should be at least 250 words in length. Support your claims with examples from required material(s) and/or other scholarly resources, and properly cite any references. Respond to at least two of your classmates’ posts by Day 7.  SOC 402 WEEK 2 DQ 1 MCDONALDIZATION McDonaldization. Analyze your college or workplace using Weber's model of......

Words: 1784 - Pages: 8

Soc 490 Week 3 Soc490 Week 3

...http://workbank247.com/q/soc-490-complete-course-soc490-complete-course/13565 SOC 490 WEEK 1 DQ 1 PERSONAL AND PROFESSIONAL RELEVANCE (ASH) Personal and Professional Relevance. Your research proposal for your Capstone Project should be written on a topic in which you feel an investment and that also is relevant to fields within the social sciences. What relevance does this issue have in your own life? Does it relate to your interests, and if so, how does it relate? What is your connection to the population you are researching? If the issue does not have relevance to you or you do not have a connection with the population, explain why not. What is the goal of your research? Are you using your research for the good of this population or solely for the enhancement of knowledge in general? Which is more important and why? Are they both equally important?  SOC 490 WEEK 1 DQ 2 METHODOLOGY FOR SELECTING A SAMPLE POPULATION (ASH) Methodology for Selecting a Sample Population. Your Capstone Project will focus on a specific sample population for future research. In this discussion, you will need to do two things. First, explain the attributes of the sample population that you plan to study. Then explain the research methodology you will use to study that population. Will you use a quantitative approach, qualitative approach, or a mixture of both? Which approach do you find most valuable and why?  SOC 490 WEEK 1 CAPSTONE TOPIC SELECTION (ASH) Read the final Capstone Project......

Words: 2635 - Pages: 11

Mat 510 Week 3 Mat510 Week 3

...com/q/mat-510-complete-course-mat510-complete-course/20549 MAT 510 Week 1 Discussion "Business Improvement" Please respond to the following: Note: Online students, please select one of the two subjects to discuss. Select one (1) project from the working or educational environment of your choice and specify the main work process (e.g., suppliers and customers involved, work flow, etc.) of the project that you have selected. Next, suggest at least two (2) actions that a manager can take in order to improve the work process of the project in question. Provide a rationale for your response. Use the Internet or Strayer Library to research a global business or an organization of your choice. Next, analyze the overall effect of global competition on the business or the organization that you researched. Suggest one (1) strategy that the business leader can use in order to improve business competition and efficiency. Provide a rationale for your response. MAT 510 Week 1 Homework Assignment Due in Week 1 and worth 30 points Describe a work task, a hobby, or another activity that you regularly do, and sequentially list the various actions you take in order to complete this activity. Consider the complexity of your list and the amount of steps required to complete the activity. Answer the following questions in the space provided below: 1. Differentiate the main actions between doing and improving your activities. 2. Determine the overall manner in which variation has affected your......

Words: 7074 - Pages: 29

Week 3

...Week 3: LEMONADE STAND, PART I Background As you have read about in our lecture, we have used a lemonade stand to help us understand some basic concepts of business. As we pointed out, a lemonade stand has a simple business structure; yet, it can help us understand almost every function of a firm; such as marketing, operations, finance, technology, entrepreneurship and many other aspects. In our two assignments in this course, you will own and operate your very own lemonade stand as you apply the knowledge you have learned from the course. Scenario You have decided to open a lemonade stand in your local neighborhood. You have grand plans for this stand and expect to attract many customers. In part I of this assignment, you will develop the basic premise of your new company. Please answer the following questions, utilizing the textbook, to ensure you apply the lesson we have learned in the previous weeks. * Develop a creative name for your Lemonade Stand, and then explain why a name is important when you are considering branding options? * Create a Mission Statement for your Lemonade Stand (Chapter 7); then explain why a mission statement is important for any company? * You are very involved in your community; please outline your CSR plan (Chapter 4) for your business. * The textbook lists many different types of pricing strategies, please pick one of these and explain how you will deliver on this strategy with your stand. (Chapter 14) *......

Words: 685 - Pages: 3

Week 3

...Week 3 Individual Assignment Phoenix University RES/351 22 March 2016 The choice of a research design is often dictated with the nature of the problem being explored. In addition, the amount of knowledge already available in a certain field also dictates the research design. This is because qualitative research can be used to gather primary knowledge before carrying on quantitative research which is used to explore more specific and complex problems. It is safe to say that qualitative information can help to formulate a hypothesis to be tested in quantitative research. In any business, qualitative research is mostly used to study human behavior and consumer trends. In this particular case, the researchers were attempting to determine the differences in buying behavior between customers of vehicles in China, Japan, and Western countries. The methods used to gather information were interviews and questionnaires that featured many open-ended questions. The information gathered through these means was such that it was almost impossible to express it in numerical form. The hypothesis formulated by the researchers was whether culture plays a role in the buying decision when looking for a car. The analysis of the information gathered entailed looking at a response and recording a yes or no response. The conclusion was drawn after aggregating the responses from each country. The researchers found that culture plays an......

Words: 604 - Pages: 3

Online Auction

...Healthy Foods, Inc., sells 50- pound bags of grapes to the military for $10 a bag. The fixed costs of this operation are $80,000, while the variable costs of the grapes are $.10 per pound. a. what is the break-even point in bags b. calculate the profit of loss on 12,000 bags and on 25,000 bags. c. what is the degree of operating leverage change as the quantity sold increases? d. If healthy foods has an annual interest expense of $10,000, calculate the degree of financial leverage at both 20,000 and 25,000 bags e. what is the degree of combined leverage at both sales levels. A. What is the break even point in bags. The break even point in bags will equal the fixed cost divided by the unit contribution margin, which the unit contribution margin will equal the selling price per unit subtracted by the variable cost per unit. Therefore my equation is $10-(50*0.10) will equal 10-5 which equal $5. So, the break even point will equal the operation fixed cost which is 80,000 and I divide that by 5(80,000/5) will equal 16,000. B. Calculate the profit of loss on 12,000 bags and 25,000 bags. The desired sales in the unit will equal the fixed cost plus the desired profit divided by the unit contribution margin. So, 12,000 will equal the operation fixed cost which is 80,000 plus the desired profit divided by 5. Therefore, 80,000 plus the desired profit will equal 60,000. The desired profit/loss will equal 80,000-60,000 which will give us the net loss of 20,000. The next......

Words: 679 - Pages: 3

Week 3

...schoolwork to overcome these struggle. 3. Do you have any questions about the Ellis University course environment, course structure, or policies? What was your reaction to these features of the online learning experience? I don’t have any questions about Ellis University course environment, course structure, or policies. My reaction to the features were positive because I have taken an online course before and the experience is pretty much the same. Part 2: Learning Style 5. What is your learning style? I am an aural, read/write, and kinesthetic learner. 6. Do you agree with the results of the Learning Style Indicator? Explain. I agree with the results of the Learning Style Indicator because I like to learn things by directions, reading manuals, and hands on practicing as long as the individual is patient. 7. How do you foresee this affecting your experience as an online learner? I feel that this will enhance my experience as an online learner. Part 3: Communication Style 8. What is your communication style? ESFP 9. Do you agree with the results of the Communication Style Indicator? Explain. Yes, I agree with the communication style indicator because I am a very easy going and open minded individual. 10. How do you foresee this affecting your experience as an online learner? I think that this will make me more adaptive to this experience. Part 4: For Further Thought A. In the first week, it’s evident that one person on......

Words: 860 - Pages: 4