Monday, January 31, 2011
Wednesday, January 5, 2011
In the current business and commercial environment, many things are sold through auctions. There are many types of auctions. The primary auctions include English auction (also called an open ascending price auction), Dutch auction (also called an open descending price auction), sealed first-price auction (also called a first-price sealed-bid auction (FPSB)), Vickrey auction (also called sealed-bid second-price auction), multi-unit auctions, uniform price auction, and discriminatory price auction. There are also many secondary types and forms of auction such as all-pay auction, combinatorial auction, generalized second-price auction, Lloyd’s syndicate auction, NR (no-reserve auction, also called an absolute auction), reserve auction, reverse auction, silent auction, top-up auction, walrasian auction (also called Walrasian Tâtonnement), and other auctions. The business sector providing the auction services is itself a most distinctive and extensive field which has formed its very own unique business expressions and terminologies. The auction glossary includes many terminologies such as appraisal, auction block, bidding, buyer's premium, buyout price, commission, consignee, consignor, dummy bid, CMD (caution money deposit), dynamic closing, EMD (earnest money deposit), escrow, hammer price, increment, job lot, knocked down to lot, minimum bid, no reserve, outbid, opening bid, proxy bid (also called aka absentee bid), registration deposit, relisting, reserve price, sniping, and vendor and vendor bid etc.
Brokerage is also a kind of business services provided by professional brokers in various fields and sectors. The most common and general examples of brokers include discount brokers, real estate brokers and agents, mortgage brokers and insurance brokers. Providing the brokerage and brokerage related services, all brokerage firms are, in actual fact, financial institutions that operate and perform like stock brokers. There are many types of brokerage firms and brokers operating all over the world. The examples of these brokers include aircraft broker, broker-dealer, business broker, commodity broker, customs broker, information broker, insurance broker, investment broker, joint venture broker, leasing broker, list broker, marriage broker, mortgage broker, options broker, power broker, prime broker, real estate broker, retail broker, ship broker, sponsorship broker and stock broker etc. There are many brokerage houses operating in the business sector. They buy and sell shares and get their commissions accordingly. These brokerage firms maintain the portfolios of their clients that maximize their profits and strengthen their existing portfolios as well. All brokerage firms also work like pure consultants. These brokerage firms know the business forecast better than other business sectors that’s why brokerage firms and brokerage agencies are more reliable and trustable than any other service providers.
Providing different forms and types of agency services is also a kind of business services that has become a money-making venture in this very competitive business environment. There are various forms and types of agency services offered all over the world. Examples of these agency services include advertising agency services, travel agency services, marketing agency services, insurance agency services, fiscal Agency Services, diversified agency services, financial agency services, shipping agency services, media agency services, real state agency services, potential agency services, SEO agency services, elderly companion agency services service, media monitoring agency services, social media agency services, food service marketing agencies, fashion agency services, collection agency services, dating agency services, shared agency services and general agency services etc. As a matter of fact, there are a number of different kinds of agency services being provided by professional, recognized and certified agencies and groups in all parts of the world. Business services providers are also known as BSP’s in many parts of the world. Services sector is a very huge business sector and there are many types of services provided by business service providers such as administrative services, civil services, community services, customer services, table services, domestic services, fan services, military services, and public services and selfless services etc.
Business services are countless. In fact, there are more than thousands of several forms of business services being provided in different forms and shapes by a number of both organized and unorganized business sectors in the present world. Advertising is also a most popular form of business service which has now emerged as most profitable and evergreen business service as compared with rest of the other business services being provided by the business firms and corporation in the existing world. There are two basic forms of advertising: ATL (above the line advertising) and BTL (below the line advertising). Both of these advertising forms are widely utilized by business companies and nongovernmental organizations to lever ge their organizational publicity and promotional activities. No one can really avoid the importance and significance of business services like advertising in the modern world. Advertising remains so vital and essential for overall business success of all business organizations, corporations and companies. No business or commercial venture can survive without relying on business services like advertising. Especially in this modern world, advertising through various medium of mass media has become a distinctive field for the business world. In actual fact, advertising is beneficial in its each and every form.