This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In two or three paragraphs, define the term reserve price and explain how the use of a reserve price ... (Read 146 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
on: Jul 7, 2018
In two or three paragraphs, define the term reserve price and explain how the use of a reserve price can affect the progress and outcome of an auction.

Question 2

In about 100 words, describe two or three specific apps that could use a smartphones GPS capability. Be sure to make clear the benefit of using the GPS in the app in each case.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

princessflame2016

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jul 7, 2018
Answer to Question 1

A minimum bid is the price at which an auction begins. If no bidders are willing to pay that price, the item is removed from the auction and not sold. In some auctions, a minimum bid is not announced, but sellers can establish a minimum acceptable price, called a reserve price, or simply reserve. If the reserve price is not exceeded, the item is withdrawn from the auction and not sold.

Answer to Question 2

GPS-based apps can be used in precision farming to provide field mapping, soil sampling, and tractor guidance. GPS can also be used in apps that provide an audit trail for financial transactions.


hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
Reply #2 on: Jul 7, 2018
Correct answers!


princessflame2016

  • Sr. Member
  • ****
  • Posts: 298
Reply #3 on: Jul 7, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Ectopic pregnancies. (a) An ectopic pregnancy may occur in any of the locations shown. Interstitial Ectopic pregnancies. (a) An ectopic pregnancy may occur in any of the locations shown. Interstitial
Associative Long-Term Potentiation Associative Long-Term Potentiation
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Cellular defenses (natural killer cells, phagocyte types & process of phagocytosis)

For a complete list of videos, visit our video library