Which of the following types of raw materials would be most appropriate to source via an Internet-based trading exchange?

Question

Quizplus · Accepted Answer

Inexpensive material for which there are many sources would be most appropriate to source via an Internet-based trading exchange because the availability of many sources allows for the possibility of competitive pricing and ease of comparison between suppliers, which are key advantages of using an online platform for sourcing. Expensive materials that are critical to the finished good would likely require more direct negotiation and closer collaboration with suppliers, which may not be feasible through an internet-based trading exchange. Expensive materials for which there are several substitutes could possibly be sourced through an online platform, but may still require some level of negotiation to ensure quality and consistency. Inexpensive material that is critical to the finished good may not warrant the additional cost and time required to set up a virtual sourcing system.

Which of the Following Types of Raw Materials Would Be