QUESTION 2 John has recently discovered that online auctions can provide him with more opportunities to...

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QUESTION 2
John has recently discovered that online auctions can provide himwith more opportunities to expand his business on the Web. However,John has to conduct research about the various categories ofauction Websites before choosing one that suits his businessneeds.

Briefly explain the three broad categories of auction Websites,namely:

1. General consumer auctions
2. Specialty consumer auctions
3. Business-to-business auctions

Answer & Explanation Solved by verified expert
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Here is the brief explanation of all three types on auction one by one 1 General consumer auctions This type of auctions are digitized version of English auction along with the advantage of using technology In this    See Answer
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