1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Serhud [2]
4 years ago
7

BidBuy is the world's leading online auction company. When BidBuy was founded ten years ago it was the first online auction comp

any, and it has been the leader since it was founded. Although there are other firms in the industry, BidBuy controls over 75% of the market in the United States, and three additional firms control another 20% of the U.S. market. One of the aspects of BidBuy that keeps users from changing to other online auction companies is the large user base BidBuy has built and a feedback rating system that allows buyers and sellers to rate their satisfaction with each other following each transaction. This allows users to build a reputation for honesty and trustworthiness. Sellers with a high feedback rating tend to receive more bids on their auctions and a higher price for their goods. To help facilitate payment transfers between buyers and sellers following successful online auctions, companies such as DollarDog have been founded, and these companies have facilitated growth for BidBuy. Having attained a 75% market share in the U.S., BidBuy has begun expanding internationally, opening its own sites in some countries and purchasing incumbents in others. In its international expansion, BidBuy has allowed its individual companies to customize their offerings according to the needs and desires of the countries in which they operate and when these companies are successful, BidBuy works to transfer these successful capabilities throughout the firm.
Which of the following best describes the competition in the U.S. online auction industry?

Answers:
perfect competition

monopolistic competition

oligopoly

monopoly
Business
1 answer:
hoa [83]4 years ago
7 0

Answer:

The correct answer is C

Explanation:

Oligopoly is the form of market or an industry, which is defined as an industry or market that is dominated through a stop of the large sellers. In short, means that this market does not have large sellers in the economy.

This form of market could result from various or many forms of collusion which will help in reducing or decreasing the competition and will result in higher prices for the or buyers or consumers. They have their own structure of market.

So, in the following case, stated here, the competition in the online auction industry of US, states or describe the Oligopoly market.

You might be interested in
A busy small business owner is considering purchasing groceries through a premium home delivery service because of its convenien
jok3333 [9.3K]

Answer:

A busy small business owner is considering purchasing groceries through a premium home delivery service because of its convenience. The service provides the best groceries and costs significantly more than buying groceries in the store, but home delivery is an attractive feature. Examine the

opportunity costs and trade-offs of the small business owner choosing to buy groceries through this premium home delivery service. Compare your

findings with the opportunity costs and trade-offs if the small business owner were to choose buying groceries in the store instead.

Explanation:

Can i have brainliest i've gave lot's but never get

7 0
3 years ago
How can integrating SCM, CRM, and ERP help improve business operations at your place of work or school
zalisa [80]

Answer:

The integration of those systems will have the power to improve the operations by giving more information and control to the managers and help them in the decision making process.

Explanation:

First of all, the name of "Supply Chain Management" refers to a system that is used in the companies in order to have information and control what it is known as the flow of the goods and services since the raw materials until the final good consumed by the final user.

Secondly, a "Customer Relationship Management" is another system that focus more priorily in the attention to the consumer and the relationship that the company has with him, meaning that in that system all the information related to the customer is held

Finally, an "Enterprise Resource Planning" is also a system that helps the managers to resolve the problems more superiors related to the high management and the decision making process that is involved in those areas due to the fact that it provides a continuous and real life time focus of the situation of the company as a whole.

To sum up and in order to respond to the question, those three systems can help any business to improve its operations due to the simply fact that it will have a major control of what happens and that will mean more information for the decision making process that will lead to better results and profits.

8 0
3 years ago
What is an example of literary nonfiction
iren2701 [21]
<span> Some </span>examples of literary nonfiction<span> include personal journals, diaries, memoirs, letters, and essays.</span>
7 0
3 years ago
Read 2 more answers
One common feature of agile projects is the "walk-around meeting".<br> A. True<br> B. False
SashulF [63]

Answer:

A

Explanation:

Agile means able to move around quickly

3 0
3 years ago
Diego and his supervisor have coffee together every monday. this is an example of a
Rama09 [41]

Diego and his supervisor have coffee together every Monday is an example of a ritual

<h3>What is a ritual?</h3>

A ritual is described as set of activities which may involve gestures, words, actions, or objects, performed according to a set sequence.

According to Diego and his supervisor, there has a been a constant action performed every week (taking coffee together). Since this act has become repetitive, they have become a ritual.

Hence Diego and his supervisor have coffee together every Monday is an example of a ritual

Learn more on ritual here: brainly.com/question/14067072

#SPJ12

5 0
2 years ago
Other questions:
  • Yoshi Company completed the following transactions and events involving its delivery trucks 2016 Jan. 1 Paid $20,515 cash plus $
    9·1 answer
  • Suppose the total monetary value of all final goods and services produced in a particular country in 2008 is $500 billion and th
    14·1 answer
  • What is one of the first decisions an entrepreneur must make?
    6·2 answers
  • Littleton Books has the following transactions during May. May 2 Purchases books on account from Readers Wholesale for $3,600, t
    8·1 answer
  • How does a production possibility chart assist in outlining opportunity cost?
    11·1 answer
  • Hannah was fired by Friendly Catering Company (FCC) without a valid reason. The company's employee handbook stated that employee
    5·1 answer
  • Henry Crouch's law office has traditionally ordered ink refills 55 units at a time. The firm estimates that carrying cost is 40%
    6·1 answer
  • 1-Firm B uses the calendar taxable year and the cash method of accounting. On December 31, 20x6, Firm B made certain cash paymen
    12·1 answer
  • At the extreme, a firm that adheres to the conservative approach to finance current assets will finance all of its seasonal need
    14·1 answer
  • Alford Hardware had a profit margin of 12.7% and return on assets of 10.8% in 2022. What was their asset turnover?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!