Essays on Bidder

There are numerous benefits of Internet auctions to sellers, buyers and market makers in an auction.

Internet technology has changed the manner in which business can be conducted, online auctions allow users to participate in online markets without the limits of time or geographical location. This nature of doing business online is flexible; just with a computer device and internet connection, users can buy products online cost- effectively, this platform has a lot of advantages and a few disadvantages.

Advantages include:

A physical location is not necessary The products being sold in an online auction do not require a physical location, it is possible to manage the inventory online. Once a sale has been done, then the ...

What advice would you give Dollar General about its expensive expansion plans? What do you think are Dollar General’s Greatest strengths and opportunities? Dollar General’s expansion plans are unnecessarily expensive as of the moment as the bid to acquire Family Dollar Store is more important. Notably, it will open up its markets to rural areas that Family Dollar had acquired customers in. Besides, acquiring the firm minimizes the risk of an ill-informed venture and will also be cost effective as no new stores will have to be opened. Notably, Dollar General can boast the largest customer base ...

Scenario a

The auditor should not be concerned about the bidding process in this case. The fact that Wright had won 12 of the 21 bids does not imply that the controls on the bidding processes are not effective. Provided the 12 contracts were awarded competitively and that due process was followed, it should not concern the auditor.

Scenario b

This situation should concern the auditor about the company’s controls for the bidding process. Wright won 12 of the 21 bids and in each case, Wright was the last to submit its bid. It raises questions about possible canvassing between the procurement ...

Part One: Need Identification and Specification

Question 1: First question will be asked to the client about the type of hardware and software it requires for the set-up of operations. Rationale: The rationale behind the question is to ascertain the basic need of the client to purchase a standard or special equipment.

Question 2: Second question that will be asked to the client is about the quality of the hardware and software.

Rationale: The rationale behind asking the question is to determine the level of quality required by the client in comparison to cost.

Question 3: Third question is about the quantity of the hardware and software required to train the customer representatives.

Question 4: Forth question will be asked about the person that will be involved in the training of the customer representatives. Rationale: The rationale behind the question is to determine the ...

BOP Assignment

A firm’s internal and external environment affects its performance in the market. It is worth noting that there are several tools of analysis used to determine the manner in which a given organization performs in its environment. Business operations take place within an environment. The environment factors are classified into internal and external factors depending on the type and ability of the firm to control. In this case, BHS is an example of an enterprise that was bought by an investor and merged into his wider business. After a while, it was on the verge of collapse, and ...

Part A: Multiple Choice Questions:

The seller must have market power, that is the seller must have some control over price The seller must be able to identify different customer groups with different demand elasticities The seller must be able to prevent arbitrage between the two groups All of the above You’ve just decided to add a new line to your manufacturing plant. Compute the expected loss/profit from the line addition if you estimate the following:

There is a 70% chance that profits will increase by $100,000.

There is a 20% chance that profits will remain the same. There is a 10% chance that profits will decrease by $15,000. Loss of $15,000 ...

A.

A merger of two companies can be looked in either ways. Some of the economically justifiable reasons for mergers include:

Acquiring intangible assets such as trademarks, patents, etc Economies of scale can be justified with the merged entity Sum of the parts is greater than the individual as a whole Gaining a dominant market share in markets where anti-competitive rules are not very strong Offsetting taxes by using accumulated losses Temporary distress in the target firm but with better future prospects Some of the doubtful or illogical reasons for mergers include: Diversification in an entirely unrelated line of business Poison pill, or to load the company in so much debt that it becomes unattractive for hostile takeovers. Current ...

Impact of Different Methods of Privatization on Performance of Enterprises in Transition States

Abstract The paper encompasses two goals and impacts of privatization by transition states. The first goal is to draw lessons from the privatization encounters in Eastern Europe consistent with the association optional privatization methods, the ownership evolution following privatization and reorganization. Different methods of privatization taken into consideration include management-employee buyouts (MEBOs), lease buyouts, restitution and, most notably, voucher privatization, in conjunction with shares being allocated at nominal or zero prices to the populace overall. Also, how different methods of privatization may have affected development in transition countries has been analyzed. Controlling for the first status, equity assets by ...

For Relocating Company Head Quarters

REQUEST FOR PROPOSAL FOR RELOCATION OF COMPANY HEAD QUARTERS Solicited by John Bakers & Sons Inc. 537, Washington Boulevard, Jersey City New Jersey LIST OF CONTENTS Section No. Title Page No Administrative Overview 4 Authority 5 Timeline of the proposed Work 5 Disqualification of Proposal 6 Terms and Conditions 7 Contract Award 8 2. Statement of Work 8 2.1 Eligibility Criteria 8 2.2 Scope of work 8 2.3 Description of items 8 2.4 Work Site Location and Conditions 9 2.5 Duration of work 9 2.6 Disposal of Waste 9 2.7 Installation 9 2.8 Supervision 9 2.9 Worksite and Transit Damage ...

Background information:

This document addresses the Brooklyn Construction philosophy for the road site maintenance project in Denver, Colorado project, and the minimum Architect/Engineer documentation and submission requirements for the development of the Request for Proposal (RPF) documents. The credentials of this contract comprise of a Level one RFP submission or a level two RFP documentation, as stipulated in this document, and the project analysis procedures, selection procedures, offer requirements, and contract requirements of the Brooklyn Construction Company. This document will not relieve the architect/engineers corporations of their professional obligation to generate an accurate, comprehensive, and fully collaborated Request for Proposal.

Project scope:

The ...

Introduction

Ethics occupies the place of paramount importance in government contracts. The standards of accountability and responsibility in the area, where the business coalesces with the public administration are much higher than in the purely commercial segment (Duska, 2007). Private suppliers of the United States public administration services are found everywhere from healthcare industry to the Department of Defense research and development endeavors. Thus preserving integrity and probity of the government contracting relations, as well as assuring just and equitable treatment of the bidder is highly essential for harmonious functioning of the state (Machan, 2007). Improper conduct often overlaps with ...

CONTENTS

Introduction3

Greenwich Peninsula: Background3 Progress..4

Owners, Experiences, New Masterplan, Costs & Timescales5

Concerns..6 Most 15 Useful Resources..8

References10

Greenwich Peninsula Development INTRODUCTION Mega construction projects last longer, consume budgets and are controversial. This applies to greenfield and brownfield projects. In opting for a completely new development or a regeneration project, multiple stakeholders are involved and, as project progress unfolds, conflicting interest further overlap and evolve. The Greenwich Peninsula development is an ideal example of a long-range mega regeneration project. Conceived as New London, Starting started off as an entertainment venue – against a backdrop of a successful Millennial Dome – Greenwich Peninsula development has evolved into a multi-phased, increasingly ...

In this case study, the author of this paper assumes the role of a project management team of an infrastructure development team whose aim is to develop the infrastructures in some of the rural areas in the area as indicated in a list that the government has provided. The company that owns the project management team where the author works would be the seller. The people living in the remote residential areas to be developed and other real estate residential area investors would be the buyers. The end-product or the deliverables of the project would be the residential properties that will ...

“175 U.S. 211 Addyston Pipe and Steel Company VS United States, (1899)”

Abstract

The arrangement was begun in behalf of the United States under the alleged Anti-Trust act of Congress passed July 2, 1890. It was commenced for the resolve of obtaining an embargo perpetually ordering the six corporations that were made defendants and were involved in the sale, manufacture and shipping of iron pipe at their individual places. The companies were refrained from further acting under or resounding the combination supposed in the petition to have entered into amid them. This which was quantified as illegal and unlawful under ...

Following the new millennia, it is said that auctions became popular to both the government and the e-commerce world. An auction is the process of bidding over a certain product. Whoever has the highest or lowest bid will get it. Auctions are done to sell over licenses for operations of different products, for example mobile phones licenses and taxi medallions. This also goes to radio spectrum licenses. However, auctions can either come out good or bad. According to Klemperer (2002), designing a good auction is mainly based on “elementary economics”. Poorly designed auctions can lead to “fiascos”, since the revenues did ...

International Project Finance

Executive Summary The project for mining in the hinterland of Peru Mountains is studied as a case in the paper. The Antamina projects as it is called is studied for numerous management aspects of Industry, Finance, Human resources and other international finance aspects. The financial aspect of project completion is an important part of overall banking regulations is determined. Also the design of workforce, stakeholder dialogue in irrefutable and complex circumstances indicates the strength of community and social impact of such projects. The investment commitment is a particular emphasis as also the promulgation of management think on how to cater ...

Description

The Independent Value Model provides variables for research calculations of various different types of auctions. The auction website under study is https://www.autorola.eu/. The website offers cars for auctions. There are online sellers and bidders and website makes money through charging the sellers for placing their bids. The website has around two thousand unique visitors per day and its worth is about USD 12,000. Moreover, it has been making handsome income of about USD1000 per month, according to web statistics provided by http://webworthcalculator.com. The yearly income is around USD 14,000. The website does effective marketing to reach ...

Introduction

EBay is one of the key players in the online shopping industry. According to Hudson, eBay host around 200million buyers or shoppers and various business transacting in the site (1). Originally, eBay started as an online garage-sale-style auction but currently eBay has evolved to be the world force in the retail industry. The marketplace has various frameworks for selling various products or items for both the small and large businesses. Hudson notes that, eBay is the place to go while one is looking for discount on items and unique collectibles (2). Just like other forms of business, this ...

Figure 1 Risk management plan 7 Figure 2 Key data in the project of Terminal 5, United Kingdom (Khumpaisal et al. 2010) 10 Figure 3 Key players involved in the Project Terminal 5 United Kingdom (Khumpaisal et al. 2010) 10

Procurement and tendering of a Major Infrastructure Project

Project Name and Location Mater Hospital Extension, Newcastle, NSW Introduction The Mater Hospital is the first ever hospital that is being built under public-private partnership in New South Wales. The Government of NSW has signed a contract with private sector partner Novacare for 28 years. That involves the construction of new hospital buildings, extension of ...

a). In the introduction of the article, “Counterspeculation, auctions, and competitive sealed tenders” William Vickrey (1961) mentions the study by A.P Lerner titled “Economics of Control” which suggested a strategy known as “counter speculation” that can be used by state agencies in imperfectly competitive markets to create conditions that facilitate the maintenance of marginal conditions for efficient resource allocation. Vickrey however mentions that the process of carrying out this strategy was not clearly laid out in this initial study. Vickrey then suggests that studies seem to indicate that most of the devices incorporated into this strategy often turns out to ...

The existing laws on procurement in many states have now defined and clearly distinguished between the lowest bidder and the lowest responsible bidder. For anyone to have the fulfilment of enjoying the awarding of a tender, he or she must be the lowest responsible bidder. The divergence between the two is the word responsible and it carries immense weight to the whole definition. A bidder is said to be responsible if he or she can perform the contract of supply of goods and services as promised . This encompasses several attributes that include trustworthiness, fitness of the goods, as well as ...

Abstract

Project management is one of the essential fields that any executive personnel who have a vision to establish outstanding projects should embrace. There are different strategies that are utilized by large, medium and small corporations and projects to ensure that the management business within and externally goes on smoothly. Ideally, the project report aims at investigating the management practices that existed in the Shard Tower Project. First, the reports outline and give a background description of the manner in which the Shard Tower Project has been managed in the previous times. There will be the use of professional measures to outline ...

In the opinion of Pickett and Pickett (2012), corruption may be described as the misuse of power for individual gain. Sometimes, corruption is interchangeably used with bribery. In the opinion of Santoro and Strauss (2013), bribery is the act of offering, seeking or receiving any valuable item to sway the actions of people with power in discharge of public duty. Forms of corruption involve fraud, embezzlement, favoritism, collusion, and extortion. Evidence shows that corruption and bribery have been practiced for many years; although up to date, they have attracted increasing attention. It is unclear whether the attention of corruption ...

An auction is the course of buying and selling of goods and services by presenting them for a proposition, taking propositions, and latter vending the item to the highest bidder. The process of auction has a long history tracing their origin back to the 500 BC where beautiful women were held for auctions. In the 18th century, actions by candle began to be applied for the sale of goods with the auction coming to an end when the candle flame is blown out. In the contemporary world, however, the auctions have progressed to the point where it is done over the ...

The rapid advance of technology has been amazing in so many ways; communication with people around the globe has never been as easy as it is today. Both computers and mobile phones allow people all over the world to be just a click away from real communication. Lately, social networking has become a huge trend in today’s society, since it is the fastest and effortless way to meet new people who may share similar ideas and it allows us to stay in touch with old friends and relatives that live far away. Moreover, there are still concerns about the way ...

Abstract

Procurement management strategies are important for every organization wishing to have successful service delivery ventures. However, certain problems influence the effectiveness of procurement strategies described in an identified construction company. Project complexities, disorganized supplier network and negative market shifts have been identified as major challenges facing the construction company hence minimizing its efficiency in procurement strategies. The positive part of the identified problems is that they can be rectified using recommended strategies all of which when implemented results to higher efficiency levels and a greater competitive advantage for the organization. This follows the example of other successful ventures that implemented ...

TAX LIEN

A lot of people nowadays do not have sufficient knowledge of the taxes which they are entitled to pay. Non-payment of such taxes is considered to be a felonious activity and may be subject to charges by the court. However, people the courts take any action; they do make sufficient attempts to make the owners aware of their obligation. If the owners fail to take any action, then the courts can put the property for auction after adhering to all the legal requirements. When any specific property is put up for auction then the amount of the bid starts ...

Introduction

According to Lin’s (2008), a primary e-commerce applications technologies include:

Auctions: The various mechanisms of auctions researchers have designed including English, Vickery and Dutch. The English auction is the one whereby the highest bidder is the one who wins the price offered. The Vickery auction adopts an approach whereby the one who wins is the highest bidder and instead pays second highest offer price, whereas in the Dutch the person who auctions starts with a very high price and gradually lowers it up to the point where acceptance is made by the first bidder.

Recommender system: It is adopted by ...

PART A

Fowler and Brenner, in their paper, argue that the regulation of broadcasters as public trustees should be replaced entirely with a policy which views broadcasters as marketplace participants who are governed by the rules and forces that govern the marketplace. In the paper, they argue that communications policy by the Federal Communications Commission should be directed towards the improvement and maximization of the services that the public desires by making an adjustment of definition of public demand and specifying the categories to serve this redefined demand. This, they argue, should enable the commission to change its policy and determine the ...

Socioeconomics of Government Contracting

On a general scale, the federal request for solicitation (RFS) has the minimum requirements that outline this kind of a document. It is composed of three major parts. The first part is a statement of the requirement for solicitation. It outlines the type of service that the department for homeland security requires, which in this case is the installation of the Evergreen software and training of staff to operate the software. In this part, it specifies that the DHS is soliciting a contract and offering it to companies that have already had experience with this new research software. Furthermore, the respondents will be ...

Acquisition Process Competition Requirements

How and why I would change one or more competition requirements in the acquisition process. Business ought to be conducted with ethics, which requires fairness integrity and openness among supplying and buying organizations. This ensures competitiveness in the acquisition and allows companies to compete and win contracts. However, businesses are becoming unethical by demonstrating lapses in conducting unfair competition such as changing of some competition requirements without notifying other players in the field. This has made the U.S government design the Federal Acquisition Regulation (FAR). This document contains policies that help organizations manage acquisitions efficiently. It offers policies ...

1. Background

The Jubilee Motor Company which was established in 1982 specializes in the manufacturing and distribution of various types of vehicle models, as well as spare parts for all products. The company comprises of numerous departments to ensure a smooth and efficient workflow. Customer satisfaction is highly prioritized by the company hence the customer services department offers a range of services to enhance client’s satisfaction after sales. Such services include providing timely response to customer’s feedback and complaints while updating them with the new models and latest offers from the company. The company’s customer service, sales and ...