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Article: Behind the bidding: yay or nay? With e-auctions well-established in the private label industry, participants in the process speak out on the pros and cons of online bidding.(Online Auctions)(Cover Story)
- Article from:
- Private Label Buyer
- Article date:
- August 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 BNP Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Online auctions. E-auctions. Online bids. Reverse auctions. The process of bagging business via the Internet has been called many names since its rising star began its ascent only a few years back, and depending on what side of the fence you're on, some of those names aren't fit to print. One thing, however, remains the same about conducting business over the World Wide Web: it has definitely changed the way business is done.
It was only about 10 years ago that people marveled at the mere thought of the Internet. E-mail was not yet a major tool in communication, and most people associated an auction with art at Sotheby's or prize-winning hogs at the local county ...