Companies, called ____ take an item and create an online auction for that item, handle the transaction, and remit the balance of the proceeds after deducting a fee.
A)auction consignment services
B)liquidation brokers
C)sniping brokers
D)escrow services

Question

Quizplus · Accepted Answer

Auction consignment services take an item and create an online auction for that item, handle the transaction, and remit the balance of the proceeds after deducting a fee. Liquidation brokers specialize in selling large quantities of goods or assets, usually at a discount. Sniping brokers use software to place bids on an item in the last seconds of an auction, hoping to win the item at a lower price. Escrow services hold the funds of a transaction until all conditions of the sale have been met. However, they do not typically handle auctions.

Companies, Called ____ Take an Item and Create an Online