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auction
process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder
Details
- Subclass of
- sales, strategic game, variable pricing
- Has parts
- bidding
- described by source
- Otto's encyclopedia, Brockhaus and Efron Encyclopedic Dictionary, Small Brockhaus and Efron Encyclopedic Dictionary, Pauly–Wissowa, Meyers Konversations-Lexikon, 4th edition (1885–1890), Encyclopædia Britannica 11th edition, The Domestic Encyclopædia; Or, A Dictionary Of Facts, And Useful Knowledge, Armenian Soviet Encyclopedia, vol. 1
- has part(s) of the class
- bid, reservation price, lot
- practiced by
- auctioneer
- studied by
- auction theory
- topic's main category
- Category:Auctions
Connected on Wikidata
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