Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Pan European Fish Auctions - Case Study Example

Comments (0) Cite this document
Online Auction is one of the most worthy enhancements of e-commerce, whereby, the process of auctioning has been totally revamped. In this phenomenon, the users log on the website and place their respective bids for the products of their liking, and the worth that they suppose it holds; it is similar to the conventional auctions but the cyber space has changed the medium of correspondence and added the ease of being anywhere across the world to place a bid, alongside increasing the spam of focus to a much wider range of audience…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.4% of users find it useful
Pan European Fish Auctions
Read TextPreview

Extract of sample "Pan European Fish Auctions"

Download file to see previous pages PEFA's system is an electronically based system that uses client/server architecture, whereby, the suppliers/sellers are connected to the system through the Intranet, while the buyers connect to the system using the internet.
Online auctioning has revealed several advantages over the period of time that were just not possible with the conventional on-site auctioning; this is the reason why online auctions are probably the most renowned form of e-commerce in the present day world. On-line auctioning has been a tremendous interactive opportunity for both buyers and sellers, communicating with each other at their respective ease. Some of the advantages to the sellers and the buyers are mentioned as below:
1. One of the major advantages of online auctioning is its allowance to the fishermen, or any seller for that matter, to address a huge and diversified range of customers. Internet reaches the globe, thus anything on the internet is globally accessed, so the reach is beyond the localities.
7. There is lesser cost of selling associated i.e. ...
3. There is immense demand for fishes in the southern part of Europe, while major supply is in the north, so it's an opportunity for the suppliers to meet the customers and directly sell to them.
4. This also gives birth to the phenomenon of disintermediation, whereby, intermediaries are eliminated, again giving birth to increased margins and yet consumer friendly prices.
5. In online bidding, with huge number of buyers, the bidding is quite competitive, with lesser chances of customers forming a cartel or anything of similar sort so the customer is at advantage.
6. The time to the market, often referred to as the Lead time, is reduced, which keeps the fishes fresh in turn increasing its worth and value.
7. There is lesser cost of selling associated i.e. just 0.2%. As mentioned in the case example, the commission of auction house on $93 is $7, which is approximately 7.52%, while in online auction; it would be $0.18 only.
8. There are some small ports that are not able to generate enough value and are often overlooked. Through online auctioning, these ports and their respective sellers also gain access to a competitive market.
9. There is buyer authentication in terms of security deposits.
Advantages to Buyers
1. Online auction gives buyers more options to buy from by providing more and more information on what is available at the auction and at which ports.
2. The buyers have access to the bid placement at all times i.e. 24/7, which allows buyers from different time zones to also interact.
3. The lesser transaction cost reduced time for transaction, literally within seconds, attracts buyers more than anything because time is precious.
4. Online Auction ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Pan European Fish Auctions Case Study Example | Topics and Well Written Essays - 1750 words”, n.d.)
Pan European Fish Auctions Case Study Example | Topics and Well Written Essays - 1750 words. Retrieved from
(Pan European Fish Auctions Case Study Example | Topics and Well Written Essays - 1750 Words)
Pan European Fish Auctions Case Study Example | Topics and Well Written Essays - 1750 Words.
“Pan European Fish Auctions Case Study Example | Topics and Well Written Essays - 1750 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Pan European Fish Auctions

Fish Eater

...? Analysis of Website – Fish Eaters Analysis of Website – Fish Eaters ? ‘’ provides several articles but the author names for the articles are not mentioned. Neither is there author’s credentials stated with the articles nor is any university mentioned. The articles seem to be ambiguous as there is no author or organization who wants to take stand for the work. It makes it hard for the reader to trust and rely on the writing in this website. There are more than 50 articles but not even a single author wants to reveal that he has written the article. This makes the accuracy of the article in doubt too. As we look into the information, we have to make sure that it is accurate by evaluating the accuracy. The articles are peer...
3 Pages(750 words)Essay

Peter pan

... “Peter Pan:” The Neverland. “Peter Pan” is a children’s novel by J. M. Barrie. Written in the Victorian age, it a ic which continues to be enjoyed by adults and children alike. It narrates the encounter of the Darling siblings, Wendy, John and Michael, with the eternally young Peter Pan and the fairy Tinker Bell. Peter teaches the children to fly. He takes them to the ‘Neverland,’ where Peter is the head of a band of Lost Boys. The children meet various characters and take part in many thrilling adventures. At the climax, Peter leads them in a war against the pirates under the evil Captain Hook. After winning the war, the Darling children return home. “Peter Pan” is an appealing blend of magic, humor and perceptive comments about both...
3 Pages(750 words)Essay

Internet Auctions in China

...A Comparison of Internet Auction through EBay (China) and Taobao (China 0 Introduction It has been observed that there was a very low penetration of the Consumers of ecommerce in China. This is evident from the fact that while there are more than 100 million internet users (as of March 2005), according to an independent report on the online auction market of China just about 12 percent of them are being attracted to the online shopping sites. This percentage in the United States for the corresponding period stood at almost more than 30 percent. The estimation on the Gross Merchandise Volume of the consumer online auction business for the year 2004 was placed at US $ 400 to 450 million only against the Gross Domestic Product of China...
16 Pages(4000 words)Essay

Canon Europe: Pan-European Transformation

...Canon Europe: Pan-European Transformation Discussion Identify the key drivers of the changes being considered by Canon and assess the extent towhich proposed changes addressed these drivers. The coming of the Euro. In September 1999, 100 days after Tsuruoka Hajime became president and chief executive officer (CEO) of Canon Europe, he posed the question "Is Canon Europe in a critical situation" during his address to the European presidents at the company's headquarters in Amstelveen, The Netherlands. It was about more than two years prior to the coming of the Euro in 2002 and Tsuruoka has just engaged part of his management team and two consulting companies to conduct an extensive analysis of Canon's European operations. Market dynamic...
12 Pages(3000 words)Essay

EBay Auctions as the Online Version of Traditional Auctions

...Online Market 18 May, 2009 Contents Online Market 18 May, 2009 Contents 2 About eBay 3 Online Communication 4 Online Distribution 6 Application of Hoffman and Novak’s Marketing Theory to eBay 8 References About eBay eBay is a subsidiary of eBay Inc. which includes marketplaces, payment and communications solutions to businesses and individuals around the world. It includes brands such as eBay, Skype, PayPal and StubHub among many others. eBay is an online auction site created in 1995 by a computer programmer, Pierre Omidyar . Since its creation it has expanded to over 39 countries and has become known as the world’s most popular online marketplace. The company boasts of 84 million active users from around the world, with the total...
7 Pages(1750 words)Case Study

Auctions - Microeconomics 3rd Year

...Auctions Question Discuss the proposition that (a) the Dutch auction and the second-price sealed bid auction are always equivalent, (b) the Englishauction and the second-price sealed-bid auction can be equivalent in an independent private value model, and (c) all four types of auction are equivalent to a risk-neutral seller in an independent private value model if the bidders are symmetric and risk neutral. An Auction is a mechanism whereby a seller tries to sell some objects to a number of potential buyers whose willingness to buy is unknown. Auctions play a very important role in the allocation of resources, especially those which are limited in supply. It is used for goods for which there is no standard price such as antiques, flowers...
4 Pages(1000 words)Essay

Pan-Arabism and Pan-Islamism

... Pan-Islamism and Pan-Arabism Pan-Islamism and Pan-Arabism are two entirely different ideologies. Protagonists of Pan-Arabism consider that the Arab World should be unified as one nation like the Umayyad Caliphate which existed in 750 C.E. excluding Southern Spain and Persia. According to these supporters of the ideology, the borders of Arab world have been artificially created by the Turks, Europeans and the greedy emperors of Arab nations or else the Arab world is naturally unified and can be categorised as one nation like the United States. Pan-Arabism, on the other hand, is an ideology that involves Islam as an integral part of the regulatory framework of the country (like laws) but they believe that the government needs to separate...
2 Pages(500 words)Essay

Pan-arabism and Pan-islamism

Pan-Arabism and Pan-Islamism Pan-Arabism is a political theory of adopting unity of the North Africa and West Asia countries from the Atlantic Ocean to the Arabian Ocean. This portion is known as the Arab World. Pan-Islamism on the other hand is a political movement recommending the unity of Muslims under one Islamic state, command, or leadership that is similar to International Organization.
One common factor between Pan-Arabism and Pan-Islamism is the fact that Islam as a religion is founded on Arabic as a language. Most of the Pan-Arabic countries have Muslims as their occupant and they uphold the religion’s doctrines as part of the constitution of the countries. Arabic language is also the national language in the Pan-Arab...
2 Pages(500 words)Essay


... Fish Species Farming Fish farming is an increasing practice carried out in the world because of the increasing demand for fish proteins. People have learnt the technique of rearing fish in farms. They achieve this through feeding the fish with foods that fish can digest. Types of fish in farms 1. Tilapia Tilapia was first farmed in Africa before its farming was introduced to the other parts of the world that have tropical climates. It is the third most farmed fish in the entire world. Tilapia are largely farmed in the world because of their high protein content, their rapid growth rate, their large size and also due to their palatability to the human beings. The success of tilapia fishing has been its profitable aspect due to its...
2 Pages(500 words)Essay

Introduction of the Euro and the European Constitution in Terms of Framework, Authority, and Aspirations

...Discuss the introduction of the Euro & the European Constitution in terms of framework, ity & aspirations Like all other world bodies, there was a need to bring all the European nations to a single platform. This was all the more needed because the rulers of the respective nations wanted their own particular identity and this brings us to the question that if they needed such an identity what was the need of having European Union (EU)? They could have easily made a body comprising of two or for that matter three countries and enacted their own policies and gone about it in the long run but bringing all the European nations together to a single platform only means that there was a courteous move behind the very same...
10 Pages(2500 words)Term Paper

Three Systems of Law within the European Union

The significance of ‘direct effect’ was enunciated in Van Gend en Loos v Nederlandse Administratie der Belastingen CMLR [1963] 105. In this case, the European Court of Justice ruled that ‘The Community constitutes a new legal order of international law for the benefit of which the States have limited their sovereign rights, albeit within limited fields, and the subject of which comprise not only the Member States but also their nationals...It follows from the foregoing conclusions that, according to the spirit, the general scheme and the wording of the Treaty, Art. 12 must be interpreted as producing direct effects and creating individual rights which national courts must protect.’

The doctrine o...
13 Pages(3250 words)Assignment

European Business Environment

The EU makes legislation that has to be implemented by twenty – seven Member States. Despite the fact that ministers of the United Kingdom actively participate in the discussions stage and in decision making, the fact remains that all the Member States collectively arrive at the final decision.
The European Economic Community was founded by the Treaty of Rome on the 25th of March, 1957. Its preamble states that a major goal or the EEC was to abolish international trade restrictions adopting a suitable commercial policy. However, this was never achieved, because, the purpose of forming the EEC was to empower the Member States against its economic rivals who did not belong to the EEC. An extreme example of such protection...
11 Pages(2750 words)Assignment

The Foreign Policy of the European Union

There was a need for the same as well more so because the rulers of the respective nations wanted their own particular identity and this brings us to the question that if they needed such an identity what was the need of having European Union (EU)? They could have easily made a body comprising of two or for that matter three countries and enacted their own policies and gone about it in the long run but bringing all the European nations together to a single platform only means that there was a courteous move behind the very same. There was an understanding that since these nations had so much in common amongst each other, thus there should be an understanding as concerns to their oneness and unity which could only be achieved throu...
12 Pages(3000 words)Term Paper

A Single European Market

The EC community went a step further and created a common currency called the Euro in 1999. Most member states accepted the Euro, with the most notable exception being the United Kingdom which holds in the Pound currency one of the most valued currencies in the world. The SEM framework inspired greater joint laws in order aspects of administrating a region such as common laws in farming and fishery. The evolution of the European Community attracted greater sums of foreign direct investment into the continent. Europe also changed the way its strategic focus in many industrial sectors in the 21st century to compete in the global economy. This report analyzes the European region by dividing the paper into seven major topics: Single E...
11 Pages(2750 words)Assignment

Napoleon and the Transformation of European States and Societies

Napoleon’s unyielding battle cry required huge recruitment into the army, the radical aspect of the modern state that created the main inconsistencies of the Empire making his rule remain contentious (Brown, 2007).

The period of Napoleon, that is 1801-1805, is marked as the formation of the Grande Armee1 and the allied armies of European empires demonstrating warmongering tendencies. It wa5snt just France and Napoleon but also Great Britain, Russia, Austria, and Prussia that were belligerent empires, as is obvious from the outcomes of the Congress of Vienna in 1814-18152. The new geopolitics and resolutions thus resulted in continued till 1848 when revolutions across the continent ended the Vienna arrangement. The...
7 Pages(1750 words)Term Paper

The European Convention For the Protection of Human Rights

Although the European Court of Justice has interpreted the Convention as imposing positive obligations on member states, the text of the Convention itself belies such a claim. Moreover, the supremacy of the provisions contained in the Convention functions to compromise the predictability and consistency of national laws with the result that it places an undue burden on member states. 

The House of Lords together with the House of Commons in its Twenty-sixth Report titled, Joint Committee on Human Rights distinguishes between negative and positive obligations in the context of the European Convention on Human Rights. The joint committee offered the following explanation:

“Most of the ECHR rights are...
14 Pages(3500 words)Term Paper

The Leading Role in the European Literature of Leo Tolstoy

In contrast to other writers of his generation, Tolstoy was connected with noble families of the Russian aristocracy, who had brilliant French pronunciation and manners. At the same time, he was a person full of antagonism. When Leo was nine he became an orphan. Tolstoy’s upbringing was in the hands of Madam Egorsky. Having lost the parents Tolstoy became a rather difficult child. He was a naughty boy with unexpected deeds, thoughts, ideas, but very kind-hearted (Derrick Leon, 1944, p. 54).

In contrast to other writers of his generation, Tolstoy was connected with noble families of the Russian aristocracy, who had brilliant French pronunciation and manners. At the same time, he was a person full of antagonism. Whe...
8 Pages(2000 words)Term Paper

Trust in Online Auctions

...Contents 1 Introduction 0 2 Traditional auctions Vs Online auctions 2 3 Facts about eBay 4 4 Trust in online auctions 5 4.1 Feedback Systems 7 4.2 Insurance or Guarantee 7 4.3 Escrow Services 8 5 Conclusion 8 6 Bibliography 10 1 Introduction An E auction is a real time affair that takes place on “World Wide Web”, permitting numerous sellers in diverse geographical areas to leave and amend their bids on an item concurrently. It is possible for buyers to modify e-auctions to their tailor needs, though a classic auction would let each dealer to inspect their bids spot and the rate of the lowest bid with the ID of the dealer being out of action. E Auctions are not inevitably foundational on price merely; a variety of factors steady...
9 Pages(2250 words)Case Study

European Union Policy: Turkey

...Running Head: European Union.... Topic: European union policy Order#: 377392 Topic: European union policy Profile of Turkey-history, geography and population: “Area: Approx 780,000 sq km (300,000 sq miles) Population: 71.9m (July 2008 est) Capital city: Ankara People: Majority Turks. Minorities recognised under the Turkish Constitution: Jews, Armenians and Greeks. Other ethnic peoples include Kurds, Circassians and Bosnians. Language: Turkish (official), Kurdish Religion: Muslim Currency: Turkish Lira (TL) Government: Parliamentary republic. Membership of international...
9 Pages(2250 words)Case Study

Global Employee Information and Consultation: Replicating the European Model

...Global Employee Information and Consultation: Replicating the European Model INTRODUCTION The only way for the employees and their representatives to reach the level of multinational corporations is to create an effective transnational mechanism that facilitates consultation and information disclosure. The European model (EWC) is an example of an institution that intends to provide employees voice in the transnational arena. The information dissemination and consultation arrangement enable employee representatives to participate in discussing issues that pertains to their employment. However, there is a need to analyze whether EU style of legislating a mechanism shall be effective if replicated globally. The answer in part depends...
9 Pages(2250 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Case Study on topic Pan European Fish Auctions for FREE!

Contact Us