Business-to-Business Selling on the Internet

It might surprise you that business-to-business Internet transactions greatly outnumber business-to-consumer transactions. Reverse auctions are one type of business-to-business transaction. Reverse auctions basically are an offering of a contract for the lowest price. For example, city governments put projects out for bid. Most times the company that can provide the most for the lowest price wins.

Perform an Internet search and find an online auction website. [An example of one website is: www.techliquidators.com]
In 250 – 300 words:
1. Describe one of the items on auction; provide a link to the website as a proper citation.
2. Why do you think this is an effective way to do business?
3. Do you think that these types of auctions will become more common?
4. Why?