Description
1. What do social networks, auctions, and portals have in common?
2. What are the four defining elements of a social network- online or offline?
3. List and describe four different types of auctions.
4. How does a Name Your Own Price auction, such as Priceline's, work?
Explanation & Answer
Attached. Please let me know if you have any questions or need revisions.
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Social networks, auctions and portals
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What do social networks, auctions and portals have in common
They are founded on the idea of shared interest as well as self-identification. This means that
they all have feeling of community. It is essential to note that social networks together with
online communities are known for attracting individuals who have similar traits such...