eBay enables trade on a local, national and international basis. It features a variety of international sites, specialty sites, categories, and services that aim to provide users with the necessary tools for efficient online trading in the auction-style and fixed price formats.

In 2000, the eBay community transacted more than $5 billion in annualized gross merchandise sales (value of goods traded on the eBay site).

On any given day, there are millions of items listed on eBay across thousands of categories. People come to eBay to buy and sell all kinds of practical, unique, and interesting items.

In 2001, there were over 2500 auction sites on the Internet. Some of these sites include: Amazon.com Auctions, Yahoo! Auctions, MSN Auctions, AOL Auctions, Excite Auctions, and UBid. Each of

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