At a commercial auction venue, buyers compete with one another to purchase goods, which are stocked in clearance warehouses. These items might be unused or they may be discontinued, refurbished, used or customer returns.
Sellers pay a fee to list items for sale.
After the bidding, the auctioneer notifies the winning bidder and the seller, who makes arrangements to complete the transaction privately. Authentication Method of ensuring that the party accessing a computer system is actually the party they are claiming to be. The amount of data that can be transmitted over a circuit or network measured in bits per second. Banner Advertisement on a web page that is usually hot-linked to the advertiser s site. Bar code Printed bars and spaces that represent alphanumeric characters, enabling data to be captured automatically into computer systems.