I saw this on a website somewhere, where the item's price would drop every hour until all the units were sold.
I don't care what the website is, I just want to know what you call this type of selling. And it's not called reverse auction... b/c I looked that up and reverse auction is many sellers aimed at a few buyers.
2006-06-10 09:40:39 · 4 answers · asked by holymoly! 2 in Business & Finance ➔ Other - Business & Finance
It's called a Dutch auction. It's an auction where the the price is lowered until there's a buyer. The US government uses it among other parties.
2006-06-12 03:58:58 · answer #1 · answered by Arbitrage 7 · 3⤊ 1⤋
Sounds to me as though you are referring to finding a product's price point. You can read more in the reference below.
2006-06-10 17:07:55 · answer #2 · answered by just_the_facts_ma'am 6 · 0⤊ 0⤋
It's called discounting.
2006-06-10 16:42:30 · answer #3 · answered by weirina85 3 · 0⤊ 0⤋
discounting ?
supply and demand ?
cheap ?
i dont know
2006-06-10 16:43:46 · answer #4 · answered by doodle 1 · 0⤊ 0⤋