Exam 6: Social Networking, Mobile Commerce, and Online Auctions

Because sniping software synchronizes its internal clock to the auction site clock and executes its bid with a computer's precision, the software almost always wins out over a human bidder.

____________________ valuations are amounts that bidders are willing to pay for an item.

____________________ refers to the conversion of existing regular site visitors seeking free information or services into fee-paying subscribers or purchasers of services.

If multiple items are being auctioned in a(n)____________________ sealed-bid auction, successive lower (next highest)bidders are awarded the remaining items at the price they bid.

Analysts believe that a more appropriate term for the electronic commerce that occurs in general consumer auctions is consumer-to-consumer.

The 2008 U.S.elections saw the first major use of blogs as a political networking tool.

In a(n)____________________ auction, multiple sellers submit price bids to an auctioneer who represents a single buyer.

A(n)____ is a gathering place for people and businesses that does not have a physical existence.

A(n)____________________ site can charge both buyers and sellers to participate, and it can sell advertising on its pages.

The most common format used on eBay is a computerized version of the ____ auction.

Dutch auctions are also called ____________________ auctions.

The site JustBeads.com is an example of a(n)____________________ auction site that caters to buyers and sellers who are geographically dispersed but share highly focused interests.

A(n)____ site is a Web site that allows individuals to create and publish a profile, create a list of other users with whom they share a connection (or connections), control that list, and monitor similar lists made by other users.

The first auctioning software, named Cricket Jr., was written by David Eccles in 1997.

____________________ allows Web pages formatted in HTML to be displayed on devices with small screens.

Describe the operation of a typical auction.

What is the difference between an English auction and a Dutch auction?

The earliest written records of auctions are from Babylon and date from ____ B.C.

In industries where there is a high degree of competition among suppliers, reverse auctions can be an efficient way to conduct and manage the price bidding that would naturally occur in that market.

How does proxy bidding work on eBay?