StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Pan European Fish Auctions - Case Study Example

Cite this document
Summary
Online Auction is one of the most worthy enhancements of e-commerce, whereby, the process of auctioning has been totally revamped. In this phenomenon, the users log on the website and place their respective bids for the products of their liking, and the worth that they suppose it holds; it is similar to the conventional auctions but the cyber space has changed the medium of correspondence and added the ease of being anywhere across the world to place a bid, alongside increasing the spam of focus to a much wider range of audience…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.2% of users find it useful
Pan European Fish Auctions
Read Text Preview

Extract of sample "Pan European Fish Auctions"

Download file to see previous pages

PEFA's system is an electronically based system that uses client/server architecture, whereby, the suppliers/sellers are connected to the system through the Intranet, while the buyers connect to the system using the internet. Online auctioning has revealed several advantages over the period of time that were just not possible with the conventional on-site auctioning; this is the reason why online auctions are probably the most renowned form of e-commerce in the present day world. On-line auctioning has been a tremendous interactive opportunity for both buyers and sellers, communicating with each other at their respective ease.

Some of the advantages to the sellers and the buyers are mentioned as below: 1. One of the major advantages of online auctioning is its allowance to the fishermen, or any seller for that matter, to address a huge and diversified range of customers. Internet reaches the globe, thus anything on the internet is globally accessed, so the reach is beyond the localities. 7. There is lesser cost of selling associated i.e. . 3. There is immense demand for fishes in the southern part of Europe, while major supply is in the north, so it's an opportunity for the suppliers to meet the customers and directly sell to them.4. This also gives birth to the phenomenon of disintermediation, whereby, intermediaries are eliminated, again giving birth to increased margins and yet consumer friendly prices.5. In online bidding, with huge number of buyers, the bidding is quite competitive, with lesser chances of customers forming a cartel or anything of similar sort so the customer is at advantage.6. The time to the market, often referred to as the Lead time, is reduced, which keeps the fishes fresh in turn increasing its worth and value.7. There is lesser cost of selling associated i.e. just 0.2%. As mentioned in the case example, the commission of auction house on $93 is $7, which is approximately 7.

52%, while in online auction; it would be $0.18 only.8. There are some small ports that are not able to generate enough value and are often overlooked. Through online auctioning, these ports and their respective sellers also gain access to a competitive market.9. There is buyer authentication in terms of security deposits.Advantages to Buyers1. Online auction gives buyers more options to buy from by providing more and more information on what is available at the auction and at which ports.2. The buyers have access to the bid placement at all times i.e. 24/7, which allows buyers from different time zones to also interact.3. The lesser transaction cost reduced time for transaction, literally within seconds, attracts buyers more than anything because time is precious.4. Online Auction

...Download file to see next pages Read More
Tags
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Pan European Fish Auctions Case Study Example | Topics and Well Written Essays - 1750 words”, n.d.)
Pan European Fish Auctions Case Study Example | Topics and Well Written Essays - 1750 words. Retrieved from https://studentshare.org/miscellaneous/1506440-pan-european-fish-auctions
(Pan European Fish Auctions Case Study Example | Topics and Well Written Essays - 1750 Words)
Pan European Fish Auctions Case Study Example | Topics and Well Written Essays - 1750 Words. https://studentshare.org/miscellaneous/1506440-pan-european-fish-auctions.
“Pan European Fish Auctions Case Study Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/miscellaneous/1506440-pan-european-fish-auctions.
  • Cited: 0 times

CHECK THESE SAMPLES OF Pan European Fish Auctions

Marine Nature Conservation

It studies the recognised failure of the european Common Fisheries policy.... The purpose of this discussion is to research the concerns surrounding marine conservation, reviewed the consultative document, and the opinions expressed by environmental and commercial organisations.... … According to the report marine nature conservation is an important environmental issue, which requires adequate protection, especially in light of the damage being inflicted upon it as a result of manmade actions such as pollution, over-fishing and climate change....
18 Pages (4500 words) Essay

Application of Information Systems Strategy Concepts

… Manheim, the largest used auto reseller in the world, wishes to expand into european markets with its online sales, while continuing to develop and increase its supply from Japan's AUCNET.... Manheim Online, a subsidiary of Cox Enterprises in Atlanta, is an online site that purchases off-lease inventory of automobiles and offers wholesale used vehicles to US dealers....
6 Pages (1500 words) Essay

UK Membership in the European Union

The paper "UK Membership in the european Union" focuses on such factors as the EC Act 1972 and the United Kingdom's decision to align with the european Union, which had a detrimental effect on the influence of the British Parliament on the governance of the country....
6 Pages (1500 words) Essay

Human Rights in the EU and the US

hellip; The european Union has steadily pressed the human rights subject to the forefront of its dealings with other nations and states.... uman rights, democratic system and the statute of law are center ethics of the european Union and entrenched in its beginning pact.... he european Union considers human rights as universal and inseparable.... The european Union's human rights policy is made applicable to civil, political, economic, social and cultural rights....
9 Pages (2250 words) Term Paper

Europeanization of Islam in European Countries

This paper "Europeanization of Islam in european Countries" focuses on the fact that Islam as a religion first emerged during the early 7th century, under Prophet Muhammad in the Arabian city of Mecca.... However, the later generations after years of being born and bred in the european continent, now have two distinct lineages to maintain, one is the old traditions and culture of their grandparents and the other is the local culture of Europe.... In the recent years it has been seen that in spite of protests from the conservative Muslim circles, there has been a move to create an Islamic religion which is more adapted to the european way of life....
11 Pages (2750 words) Research Paper

Attitudes towards Protecting the Wildlife

He works for the State of Idaho in the fish and Game Department.... While talking to him, he told me some surprising things about fish and game management in Idaho.... The research paper "Attitudes towards Protecting the Wildlife" shows that even though most Americans have distanced themselves from the natural world, there are many people that are still passionate about protecting wildlife and natural places....
7 Pages (1750 words) Research Paper

Bluefin Tuna on the Edge of Extinction

This fish species migrate in huge numbers in the ocean located in the northern Atlantic regions and they are even found in areas with high temperatures including the areas located at the Gulf of St.... This species of fish has the ability to survive in heated areas because they can utilize their metabolic heat in order to keep up with temperatures that are much heated than the open waters.... uring the period of 1960s, it was one of the most unwanted and neglected fish and was being sold in the region of the United States at very low prices as compared to the prices at which it is sold today (Narula 1)....
8 Pages (2000 words) Essay

A Great Impact of the Crimea Crisis on the European Union

The paper "A Great Impact of the Crimea Crisis on the european Union" states that the Crimean peninsula is located on the north coast of the Black Sea.... The main worry for the european Union (EU) was the fact that the Crimea crisis could lead to tensions in the region among the pro-european west and pro-Russian east and south.... This report analyses the european Union and the crisis in Crimea....
14 Pages (3500 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us