While auctions can occur in other models (like C2C on platforms like eBay), they are a very common and significant feature in Business-to-Business (B2B) commerce, especially for procurement (reverse auctions) or selling large quantities of goods or raw materials where prices are determined dynamically based on demand and supply or competitive bidding. Dynamic pricing, where prices fluctuate based on market conditions, is also widely used in B2B.
Auctions or dynamic pricing markets are examples of
Asked in MPPSC CS Prelims 2021 · Topic: Tertiary Sector (Emerging Services: Gig economy, E-commerce, and Digital Public Infrastructure (DPI))
More Economic Development questions
- Surge pricing takes place when a service provider
- According to Economic Survey 2023 about services, which statement among the following is not correct?
- With reference to foreign-owned e-commerce firms operating in India, which of the following statements is/are correct ? They can sell their own goods in addition to offering their platforms as market- places. The degree to which they can own big sellers on their platforms is limited. Select the correct answer using the code given below :
- Which Union Ministry is associated with the pilot phase of The Open Network for Digital Commerce?
- Flipkart, Alibaba, Amazon are examples of
- A part of sum of Rs.1550 was lent at 5% and the rest at 8% p.a. simple interest. The total interest received after 3 years was Rs.300. What is the ratio of the money lent at 5% to that lent at 8% is?
- Which of the following is/are the Domestic Systemically Important Insurers (D-SIIs) in India? 1. Life Insurance Corporation of India. 2. General Insurance Corporation of India 3. New India Assurance. Select the correct answer code:
- The difference of the simple interests received for Rs. 4500 from two different banks after 2.5 years is Rs. 450. The difference between their rates of interest is