Open outcry auction
Open outcry auction is a method of matching buyers and sellers in which the buyers and sellers are face-to-face, all stating a price at which they will buy or sell.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Open outcry auction. A method of matching buyers and sellers in which the buyers and sellers are face-to-face, all stating a price at which they will buy or sell.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
