BSBA 2302
OPENING CASE STUDY
1. Do you use live auction site like eBay ?
No , But my auntie uses this auction site so I see to it.
How does it differ from Jellyfish ?
eBay has the best deals , Choices can be easily found were it has categories and sub-categories ,and more .They were updated for today’s featured collection’s especially when they celebrate something special like mother’s day , they were having discounts on great deals .There are lots of choices were there are the same or similar items to choose from. As I researched about their market, I found out that they sell 700 million items listed on eBay .
2. Visit Jellyfish.com .What is the process of becoming a participant ?
The Process of becoming a participant is to give your valid First and Last name , your email address , and accept the terms and conditions and must be at least 18 years of age .
3. What sort of products would be best suited for a reverse auction format ?
In a reverse auction, the sellers compete to obtain business from the buyer and prices will typically decrease as the sellers undercut each other which is also similar to a unique bid auction
The products best suited for a reverse auction format are ,
The Products with low or no price volatility
Products with little variance among supplier capabilities
Products sourced primarily on price with limited ancillary considerations
Products sold by a large, competitive supply base with all top suppliers willing to participate