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Auction

What is auction process?

An auction process is the procedural steps involved in the sale and purchase of goods and services, in which the selling price is automatically discovered during the course of open competitive bidding. ... It is the mechanism employed for discovering the best price for the transaction.

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What is auction process?

An auction process is the procedural steps involved in the sale and purchase of goods and services, in which the selling price is automatically discovered during the course of open competitive bidding. ... It is the mechanism employed for discovering the best price for the transaction.