A web-based marketplace in which one company sells to many business buyers from e-catalogs or auctions, frequently over an extranet, describes which type of e-commerce?
Understand the Problem
The question is asking us to identify the correct term that describes a specific type of web-based marketplace where a company sells to multiple business buyers, usually through e-catalogs or auctions. This requires understanding different e-commerce models.
Answer
Sell-side e-marketplace.
The web-based marketplace described is a 'sell-side e-marketplace.'
Answer for screen readers
The web-based marketplace described is a 'sell-side e-marketplace.'
More Information
In a sell-side e-marketplace, a single business sells products to multiple business customers through online catalogs or auctions, often using an extranet to facilitate transactions.
Tips
A common mistake is confusing it with a vertical marketplace, which involves multiple sellers. Sell-side e-marketplaces feature one seller with many buyers.
Sources
- B2B E-Commerce: Selling and Buying in Private E-Markets - Scribd - scribd.com
- Chapter 5 | PDF | E Commerce | Procurement - Scribd - scribd.com
- [PDF] B2B E-Commerce - contents.kocw.or.kr
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