Bid Auctions

An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. ... Participants bid openly against one another, with each subsequent bid required to be higher than the previous bid. These are crucial to eCommerce. Consider ebay and the massive effect that it has had thanks to this.

First name:

Last name:
What is a bid auction?

Who can bid?

Buyer and Supplier

How much does it cost?

The highest bid
None of the above