The emergence of electronic marketplaces changed several of the processes used in trading and supply chains including
A) lowering information search time and cost for buyers.
B) the ability of buyers, sellers, and the virtual market to each be in a different location.
C) the ability for EC to leverage capabilities with increased effectiveness and lower transaction and distribution costs, leading to more efficient "friction-free" markets.
D) all of the above.

Question

Quizplus · Accepted Answer

All of the above choices (A, B, and C) are correct. Electronic marketplaces have revolutionized trading and supply chains by reducing information search time and costs for buyers, allowing buyers, sellers, and the virtual market to be in different locations, and leveraging capabilities with increased effectiveness and lower transaction and distribution costs, leading to more efficient and "friction-free" markets.

The Emergence of Electronic Marketplaces Changed Several of the Processes