The Resource Allocation Method Used for the Online Auctions on EBay

question 343

Multiple Choice

The resource allocation method used for the online auctions on eBay is

• A) market price.
• B) lottery.
• C) contest.
• D) first-come, first-served.
• E) sharing equally.

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Definitions:

Product Life Cycle

A concept that describes the stages a product goes through from its introduction to the market through its growth, maturity, and eventual decline.