What is an auction ? Why does it occur

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What is an auction ? Why does it occur..

Answer / ajay saxena

An auction is a process of buying and selling goods or
services by offering them up for bid, taking bids, and then
selling the item to the winning bidder. In economic theory,
an auction may refer to any mechanism or set of trading
rules for exchange.

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What is an auction ? Why does it occur..

Answer / subramanyam

auction occurs only the situvation of insolvent of an
organigation it being occurs because of havy debts

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What is an auction ? Why does it occur..

Answer / mentericapung

a public meeting where land, buildings, paintings etc are
sold to the person who offers the most money to them. There
are occured because so many interest of them.

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