Aeroxchange.com was founded by 13 airline companies as a Web site where the companies could purchase all the goods and services for their operations,excluding aircraft and fuel.Selected suppliers were invited to partner with these airlines at this site.Items that are traded through Aeroxchange include a wide range of airline-specific products and services,such as engine components and maintenance.Aeroxchange is an example of a(n)________.

Question

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Aeroxchange is an example of a private exchange, which is a business-to-business e-commerce platform where a group of large companies come together to create a marketplace for trading goods and services. The selected suppliers are invited to partner with these companies at the private exchange.