Describe The auction model.

      

Describe The auction model.

  

Answers


Kavungya
- The site provides the “virtual space” for an ongoing auction
- People register with the site to participate
- All types of digital and non-digital products are being sold
- The site makes money by taking a commission on all sales
- Challenge: The development of trust is essential to the success of this business model
Kavungya answered the question on May 9, 2019 at 09:07


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