A(n) _____ is a marketplace formed by several large buyers in a particular industry.
A) private company marketplace
B) independent industry marketplace
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, with the support of a trade association or industry group. These marketplaces are often established to coordinate purchasing activities and negotiations with suppliers. Private company marketplaces are created by a single company, independent industry marketplaces are not sponsored by any specific organization, and customer portals marketplaces are specific to one seller and only accessible to their customers.

A(n) _____ Is a Marketplace Formed by Several Large Buyers