eBay is an American internet auctioning site, people buy and sell a wide range of goods across the world. You are able to buy goods within a set-time auction time or in some cases you are able to "Buy Now". eBay icn. also owns PayPal, Skype, StubHub, Kijiji and other buissiness' but they are soon to be selling Skype. eBay have listed sites in 31 different counties.
Their yearly income $8.541 billion and it has around 15,500 employees and it has hundreds of millions of registered users.
The aim of this website, is for people all over the world to be able to advertise and sell/buy prodtucts. You list a product online and you are able to set a "Buy Now" price or you can set a time for auction.
There are different ways in which someone can auction, for example... Auction-style listings -allow the seller to offer one or more items for sale for a certain number of days. The seller can place a reserve price. Fixed Price format - also allows the seller to offer one or more items for sale at a Buy It Now price. This means that there is a fixed automatic price - buyers who agree to pay that price win the auction immediately without placing a big on the item(s). Fixed Price format with Best Offer - allows the seller to take the best offeres, If a buyer places a best offer, the seller either rejects or accepts the offer. If the best offer is not what the seller was looking for they are able to ask for another offer. This way of auctioning is not available in every categort. Sellers also meet certain requirements in order to sell with best offer. Ductch auctions - allow the seller to offer two or more of the same items in the same auction. Bidders can bid for any number from one item up to all of the items listed. This allows more variety and freedom in the way in which people big for items and put them up for sale.
The target audience can be businesses or people who wish to buy and sell goods, its purpose is to set up an easy way to buy goods over the internet. In order to assure they sellers and buyers are genuine there is a system put in place where you are able to comment on the service of the buyer and seller - it gives a rating. This allows people to see if they are reliable and if they goods they are selling are actually what they state they are.
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