Aeroxchange.com was founded by thirteen 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 a private exchange, which is a secure online marketplace where selected suppliers can interact and conduct business with a group of pre-approved buyers. In this case, the pre-approved buyers are the thirteen airline companies who founded the website.