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Case Study: Many companies utilize online auctions to facilitate transaction with suppliers (and end-users). One example is Amazon Business. Amazon Business helps businesses reduce procurement costs, enables transparency across multiple sellers, and gives businesses access to greater selection and dynamic pricing.
Question: Discuss the following:
Discuss two benefits and two disadvantages of businesses using online auctions. Identify at least two online auctions available to businesses and/or consumers. Finally, what online auctions have you, or someone you know, used in the past?
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