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If the term "auction" is entered into a search engine
such as Google or Yahoo, hundreds of sites return to the searcher's
screen. This section of "Online Auction Legal Issues"
will cover auctions occurring Online between businesses and their
consumers
Business to Consumer (B2C), or or retail e-commerce auctions,
applies to any business or organization that sells its products
or services to consumers over the Internet for their own use. Auctions
in the business sector have been around for hundreds of years. However,
until recently there has never been an easy way to participate in
these activities.
Through
the use of the internet thousands of companies are moving online
to give consumers the ability to participate in their own fluid
market place. B2C Auctions are currenlty growing and this figure
is expected to rise. Forrester
Research predicts that B2C e-commerce in the United States will
grow from $38.8 billion in 2000 to $184.5 billion in 2004.
From this amount, Forrester
estimates that by 2006, auctions will make up 25 percent of all
online B2C transactions.
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