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Online auctions were going down even earlier than the release of the first web browser for personal computer systems, NCSA Mosaic Instead of customers selling gadgets by way of the Web they have been as a substitute trading by way of text-based newsgroups and electronic mail dialogue lists. If there are a variety of opponents in the identical industry (meaning that it is not possible to explain every one) then showcase the variety of companies that compete with you, and why your business will present prospects with service/products which might be of higher quality or less expensive than your competition.

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