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The difference between an online auction and a traditional auction
Manage episode 363120703 series 3475384
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In an online auction, products and services are purchased and offered for sale online. A website or specific auction platform can be used by participants to electronically submit their bids in an online auction. A seller normally starts the process by advertising the things for sale, any pertinent information, and a starting price. Within a predetermined time frame, prospective purchasers can submit bids for those things.
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