In the _____ model,a group of buyers opens an electronic marketplace and invites sellers to bid on announced products or make a request for quotation (RFQ).
A) seller-side marketplace
B) buyer-side marketplace
C) third-party exchange market-place
D) trading partner agreements

Question

Quizplus · Accepted Answer

In the buyer-side marketplace model, buyers take on the role of the market-makers, inviting sellers to bid on products or make a request for quotation. The seller-side marketplace model, in contrast, has sellers creating an electronic marketplace and inviting buyers to purchase their products. Third-party exchange marketplaces involve a neutral third-party facilitating transactions between buyers and sellers, while trading partner agreements involve direct collaboration between two organizations.

In the _____ Model,a Group of Buyers Opens an Electronic