A(n)____ is a marketplace formed by several large buyers in a particular industry.
A)private company marketplace
B)private store
C)industry consortia-sponsored marketplace
D)customer portals marketplace

Question

Quizplus · Accepted Answer

An industry consortia-sponsored marketplace is a marketplace formed by several large buyers in a particular industry. The consortium sponsors the marketplace, which provides access to a variety of suppliers, and is intended to streamline the procurement process by reducing the cost of goods and services bought by the member firms.

A(n)____ Is a Marketplace Formed by Several Large Buyers in a Particular