Business Terms and Jargon Explained
What is Auction
This is a process of buying where bids are submitted in an attempt to outbid competitors to win/ buy a product and service for the bid price. The highest bidder wins. Bidding normally take place in an auction room where bidder may bid by phone or in person.
Search Jargon and Terms Database
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Term created / updated 2011-06-19 17:45:06
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.