Asked by Nicholas Bermudez on Apr 25, 2024
Verified
Group purchasing is a common technique in a ________.
A) buy-side marketplace
B) electronic exchange
C) sell-side marketplace
D) sellers exchange
Buy-Side Marketplace
B2B model in which organizations buy needed products or services from other organizations electronically, often through a reverse auction.
Electronic Exchange
A platform or system that facilitates the trading of financial instruments, commodities, or other products through electronic systems without the need for physical trading floors.
Sell-Side Marketplace
B2B model in which organizations sell to other organizations from their own private e-marketplace or from a third-party site.
- Understand different e-commerce marketplace models and their mechanisms.
Verified Answer
Learning Objectives
- Understand different e-commerce marketplace models and their mechanisms.
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