E-COMMERCE - CHAPTER 5

E-Commerce model in which consumers sell directly to other consumer.

• B2B

• B2C

• C2C

Auctions facilitated at a portal, classified ads at portal sites and peer-to-peer are the forms of:

• Categories C2C EC

• Characteristics C2C EC

Torrent Site is an example of:

• Classified ads

• Auctions at portal

• Peer-to-peer

Auctions where a seller solicits consecutive bids from buyers.

• Forward Auctions

• Backward Auctions

Prices that change based on supply and demand relationships at any given time.

• Dynamic Bidding

• Dynamic Pricing

Difficulties for sellers to move goods to the auction site is the __________ of traditional auctions.

• advantages

• limitation

Each party can use negotiation, bargaining or bartering.

• One Seller, Many Buyers

• One Buyer, Many Sellers

• One Buyer, One Seller

Auction of multiple identical items in which bidders can bid for any number of the items offered, and the highest bid wins.

• Dutch auction

• Yankee auction

• English auction

Auction of multiple identical items, with prices starting at a very high level and declining as the auction time passes.

• Free fall auction

• Dutch auction

Model in which a would-be buyer specifies the price he/she is willing to pay to any willing and able seller.

• Name-your-own-customer Model Auction

• Name-your-own-price Model Auction