Question

Online auctions are: a. based on the barter business model. b. used to bring buyers and sellers together in a real marketplace. c. cost-effective for selling excessive inventory. d. useful when goods already have a set price in the marketplace.

Answer 1

Answer:c. cost-effective for selling excessive inventory.

Explanation:An online auction is an auction which is held over the internet.

An online auction is similar to a traditional auction. You bid against others for an item. ... When you enter an auction to place a bid, the site's computers determine the amount you need to bid in order to become the highest bidder. You can accept this amount or enter your own bid.