AUCTIONS AND E-COMMERCE |
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An auction is the process of buying and selling things by offering them up for bid, taking bids, and then selling the item to the highest bidder. Auctioning can be traced as far back as 500 B.C.[1] In economic theory, an auction is a method for determining the value of a commodity that has an undetermined or variable price. Auctions can be with reserve or minimum, or without minimums, or absolute or no reserve. In reserve auctions, there is a minimum bid or reserve price; if the bidding does not reach the minimum, there is no sale (but the person who puts the item up for auction may still owe a fee to the auctioneer or auction company). In absolute or no reserve auctions, the sale is guaranteed, with only the price left to be determined. In the context of auctions, a bid is an offered price.
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FORKLIFTS - FORK LIFTS TRUCKS |
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A forklift truck (often just called forklift) is a powered industrial truck used to lift and transport materials by means of steel forks inserted under the load. The forklift was developed in the 1920s by various companies including the transmission manufacturing company Clark (today known as Clark Material Handling Company) and the hoist company Yale & Towne Manufacturing (Today known as Yale Materials Handling Corporation)[1]. It has since become an indispensable piece of equipment in many manufacturing and warehousing operations. A different type of forklift is the sideloader (i.e Fiora sideloader)[2], usually designed to transport long loads in very narrow aisle (VNA trucks).
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MERGERS / ACQUISITIONS |
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The phrase mergers and acquisitions or M&A refers to the aspect of corporate finance strategy and management dealing with the merging and acquiring of different companies as well as other assets. Usually mergers occur in a friendly setting where executives from the respective companies participate in a due diligence process to ensure a successful combination of all parts.
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