Auction vs Vendor - What's the difference?
auction | vendor |
A public event where goods or property are sold to the highest bidder.
*{{quote-magazine, date=2014-07-12, volume=412, issue=8895, magazine=(The Economist)
, title= A person or a company that vends or sells.
As nouns the difference between auction and vendor
is that auction is a public event where goods or property are sold to the highest bidder while vendor is a person or a company that vends or sells.As a verb auction
is to sell at an auction.auction
English
(wikipedia auction)Noun
(en noun)Competition, hammered, passage=Auctions' come in a wide variety. In a “Dutch '''auction'''”, often used to sell flowers and fruit, prices start high and gradually drop until a bidder is willing to pay up. A “Japanese '''auction'''” is a bit like poker: bids rise with each round and anyone who wants to win must bid every time. Vendors using ' auctions rid themselves of the headache of choosing prices and instead just pick the rules bidders must follow.}}