INTERVIEW QUESTIONS MARKETING E- BUSINESS DETAILS

Question: Why are online auctions widely accepted business models?

Answer: Online auctions are a widely accepted business model for the following reasons:
a)No fixed time constraint.
b)Flexible time limits.
c)No geographical limits.
d)Offers highly intensive social interactions.
e)Includes a large number of sellers and bidders, which encourages a high-volume online business.

Online auctions are a widely accepted business model for the following reasons:
a)No fixed time constraint.
b)Flexible time limits.
c)No geographical limits.
d)Offers highly intensive social interactions.
e)Includes a large number of sellers and bidders, which encourages a high-volume online business. Source: CoolInterview.com

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