Reverse Auction Defined. You probably think you have a good understanding of how most auctions are done. For example, you may have bid on a product you found on eBay. If another person wants the same item you want, she may bid higher than you to get it. Of course, if you still want the item bad enough, you may bid higher yet.
Custom Data Types: Ability to Create them in Setup. I would like to create my own data type in SalesForce. When we create a New Field, we have to choose from the built in options for example, Date, AutoNum, Checkbox, Picklists, text, lookup, etc.
Simple and Structured Data Types: A simple data type can store only one value at a time. A structured data type is one in which each data item is a collection of other data items. In a structured data type, the entire collection uses a single identifier (name).