Managerial economics case study
Copy of Article Auctions King Under Attack Concierge Auctions.pdf (239.121 KB)
Case Study 1: Auctions
Due Week 7 - Worth 250 points
The afterward video describes auctions as amount assay mechanisms https://www.youtube.com/watch?v=4kWuxfVbIaU.
Use the video on auctions and at atomic 3 bookish and/or high-quality business publications, see definitions below, to acknowledgment the afterward questions in 5-7 pages:
1. There are abounding types of auctions anniversary with strengths and weakness at apprehension the absolute price/value of an item. Compare and contrast:
a) the English and Dutch auctions; and,
b) the sealed-bid, first-price auction, and the Vickery Auction.
2. Concierge Auctions Limited sells actual aerial end and different backdrop common application an English appearance auction, affairs to the accomplished bidder. They accept been affected in assorted lawsuits see the articulation to the Wall Street Journal. Advise Concierge as to the weakness that an English bargain may accept in apprehension a property’s value. Provide a advocacy for at atomic one alternative bargain blazon which may bigger bare the amount of different absolute acreage properties.
3. Auctions are broadly acclimated in finance, e-commerce and in e-games. Identify 3 uses of auctions by firms in finance, e-commerce and/or e-games. Explain the:
a) charge for an bargain in the product/service, and
b) what blazon of bargain is acclimated and why that blazon of bargain is adapted for the product/service.
4. Auctions are additionally broadly acclimated to accomplish acquirement for not-for-profit organizations. What are the advantages/disadvantages of auctions as acquirement generators for not-for-profit organizations?
5. Suggest means in which the aggregation you appointment for, or the aggregation which you aspire to appointment for, can use auctions to bigger bare amount and access revenue.
Your appointment charge chase these formatting requirements:
Be typed, bifold spaced, application Times New Roman chantry (size 12) with one-inch margins on all sides; citations and references charge chase APA format. Check with your assistant for any added instructions.
Include a awning folio absolute the appellation of the assignment, the student’s name, the professor’s name, the advance title, and the date. The awning folio and the advertence folio are not included in the appropriate appointment length.
Acceptable Types of Publications
The analogue of a high-quality able business advertisement is one which is primarily a advertisement directed to advertisement and/or assay of the apparatus of a business. Examples are the Wall Street Journal, Bloomberg, Reuters…etc. Avoid accepted account publications such as USA Today, Washington Post, NY Times.
PLEASE DO NOT RELY ON WIKIPEDIA, INVESTOPEDIA OR ANY OTHER PEDIA AS A REFERENCE AT ANY TIME IN THIS COURSE.
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