The essential characteristic of ________ is that they bring hundreds to thousands of suppliers into a single Internet-based environment to conduct trade.
A) industry consortia
B) exchanges
C) Net marketplaces
D) horizontal markets

Question

Quizplus · Accepted Answer

Net marketplaces, also known as B2B marketplaces, bring together a large number of suppliers and buyers in one virtual space to conduct business transactions. These marketplaces make it easier for companies to find new suppliers and customers, as well as streamline the purchasing process. Industry consortia and exchanges may also involve multiple parties coming together for business purposes, but they do not necessarily involve the same level of supplier aggregation as net marketplaces. Horizontal markets refer to B2C marketplaces that sell a wide range of products and services to consumers.

The Essential Characteristic of ________ Is That They Bring Hundreds