Online Auction - 1469 Words

Chapter 1 – INTRODUCTION 1.1 Background of the Study Internet auctions appeared on the scene in the mid 1990s, and quickly became one of the most successful applications of electronic commerce. EBay, the premier consumer-to-consumer (C2C) Internet auction site, is generally held up as an exemplar for the industry. However, it is widely predicted that the potential transaction volume in business-to-business (B2B) auctions will be much greater than in the C2C channel (Keenan, 2000; Rosenthal, 2002). In the B2B marketplace, auctions were initially pressed into service as tools to dispense with excess inventory. The current wave of B2B integration represents a much deeper integration of auction technology into the daily operations of†¦show more content†¦The system automatically rejects un-authenticated users who try to bid or sell at the site. Register Products - This module is for presenting items for bidding. Only those who have registered and authenticated as sellers can place their articles for bidding. The Module collects information like Product Name, Product Details, Starting Bid amount, Incremental value etc. The system automatically inputs the closing date. Bidding Module - The module is for bidding on any selected item. The bidder has to authenticate before participating in bidding. The system checks whether the incremental amount entered by the bidder is equal or more than the incremental minimum set during the product registration time. The system places the record in the bid history against the bidder account. My Auction - This page is an interface for both buyer and seller. Buyer can see the profile of the bidding history of items which are still open on which he/she has already bided. Similarly, the seller can see the progress of bidding on articles he/she has placed for bidding. Feedback - The purpose of the page is to send messages/comments to the web administrator. FAQ - This page is for first time users of the site. The page will provide answers to questions that are common and frequently asked. WebAdmin - This link opens to the administration module that is open to web administrator only. Here site administrator can add product categories and can edit product informationShow MoreRelatedOnline Auctions: A Behavioral Study Essay2075 Words   |  9 PagesJournals. The Economists believe that the sellers prefer auctions in which the barriers of entry are rather low which would lead to higher utility for the seller (Bulow, Klemperer 2009). However, these studies are mainly focused on big-scale auctions. Big-scale auctions are the type of auctions in which bidders are large companies. On the other hand, on line auctions have properties which differentiate them from classical auctions. On line auction has become one of the most successful businesses sinceRead MoreInternet Theft Of Online Auction Fraud Essay865 Words   |  4 PagesWith the amount of fraudsters using auction fraud to scam individuals out of their money, it is essential to know to handle the situation after becomi ng a victim. The victims of online auction fraud often report numerous issues that include â€Å"buyers receiving goods late, or not at all, sellers not receiving payment, and failure to disclose relevant information about a product or the terms of sale† (Auction Fraud, 2010). If anyone becomes a victim of online auction fraud, the actions taken next are veryRead MoreThe Top Five Online Auction Website2093 Words   |  9 PagesReviews, in 2016 the top five online auction sites are eBay, eBid, Webstore, Online Auction and ePier. According to Baye, Price and Squalli, in an auction, potential buyers compete for the right to own a good, service, or, more generally, anything in value. Auctions are used to sell a variety of things, including art, Treasury bills, furniture, real estate, oil leases, corporations, electricity and numerous consumer goods at auction sites on the Internet. When the auctions take place, the seller interestRead MoreE Commerce And Online Auctions2159 Words   |  9 PagesThreat of New Entrants The e-commerce and online auctions industry is highly fragmented, with a large number of independent players occupying 78.2% of the market. With a low concentration, the two major players, Amazon and eBay, account for only 21.8% of the e-commerce and online auctions market. This indicates low barriers to entry as it not difficult for prospective competitors to establish an online shopping platform. Additionally, there are few specific skills required to participate in theRead MoreOnline Auction System8956 Words   |  36 PagesONLINE AUCTIONING SYSTEM _______________ A Thesis Presented to the Faculty of San Diego State University _______________ In Partial Fulfillment of the Requirements for the Degree Master of Science in Computer Science _______________ by Shanthi Potla Summer 2011 iii Copyright  © 2011 by Shanthi Potla All Rights Reserved iv DEDICATION To all. v ABSTRACT OF THE THESIS Online Autioning System by Shanthi Potla Master of Science in Computer Science San Diego State University, 2011 The onlineRead MoreQuestions On Online Auction System797 Words   |  4 Pages UCM ONLINE AUCTION SYSTEM INTRODUCTION The UCM Online Auction System is online web portal, which provides an opportunity for Sellers and Buyers(Bidders) to make trading/business through a common website. Bidders can go through all the items in the site and can bid for the particular item based on the availability. Sellers can go through all the items that seller placed in auction and he can place an item for auction and remove item from auction. Both Bidders and SellersRead MoreSrs for Online Auction System1545 Words   |  7 PagesSoftware Requirements Specification for Online Auction System Version 1.0 approved Prepared by- Karan Kapoor JUIT 01-08-2013 Table of Contents Table of Contents ii Revision History ii 1. Introduction 1 1.1 Purpose 1 1.2 Document Conventions 1 1.3 Intended Audience and Reading Suggestions 1 1.4 Project Scope 1 1.5 References 1 2. Overall Description 2 2.1 Product Perspective 2 2.2 Product Features 2 2.3 User Classes and Characteristics 2 2.4 Operating Environment 2 Read MoreThe E Commerce And Online Auctions Essay962 Words   |  4 PagesMarket Analysis The E-Commerce and Online Auctions industry has exploded over the past decade. Lured by the ease of ordering at home and ability to quickly compare prices and product reviews among retailers, many consumers are increasingly choosing to shop online over purchasing products at brick-and-mortar locations or via mail-order catalogs. RunWayMe will be part of the growing trend with a unique concept of selling the latest celebrities look-a-like outfits at affordable prices. Although thisRead MoreEbay Is The Leading Global Brand For Online Auctions1182 Words   |  5 Pagesleading global brand for online auctions. The company is a giant marketplace used by more than 100 million people to buy and sell all manner of things to each other. The brand has grown tremendously over the decade or so since its conception. World’s largest internet marketplace. eBay has more than 150 million live listings and more than 105 million active users globally in 37 countries. That makes eBay the largest marketplace online, having a great power over other online retailers. Business modelRead MoreBusiness Overview : Ebay, An Online Auction / Shopping Website1467 Words   |  6 PagesBusiness Overview eBay is a business which was founded in 1995 by an entrepreneur called Pierre Omidyar. The main focus of the business is eBay.com, an online auction/shopping website, which offers consumer to consumer sales and business to consumer sales services, via the internet. The business have also invested into many other companies/services, including PayPal, Skype and Gumtree. eBay are one of the main examples of the ‘Dot-com bubble’ from the late 1990’s, and are now a huge company who