BIS 219 online_auction

Apr 8th, 2015
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Online AuctionSTUDENT University of PhoenixBIS 219 Introduction to Business Information SystemsINSTRUCTORDATE Online AuctionE-Bay was founded in 1995 by computer programmer Pierre Omidyar (E-Bay Inc., 2009). E-Bay is the world's largest online marketplace where buyers and sellers meet in a way that sellers can list their items for sale and buyers can bid on items of interest. The items are organized by topics. Buyers and sellers receive emails from E-Bay at the end of the auction if a bid exceeds the seller's minimum price. Buyer and seller complete the transaction separately from E-Bay (Gomes-Casseres, 2001). E-Bay offers several advantages to small and large scale sellers. For instance, E-Bay offloads excess and used inventory, reduces the time to complete the transactions, and opens new sales channels. However, E-Bay has its drawbacks such as fees paid to list

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