Bidding

Bidding is the process of making an offer to purchase or secure a product, service, or asset, often in a competitive environment. It is commonly used in various contexts, including auctions, procurement, real estate, and online platforms. Here are a few key aspects of bidding: 1. **Types of Bidding**: - **Open bidding**: Participants can see others' bids, and it often continues until no higher bids are placed.