A Third-Party Net Marketplace That Connects Many Buyers and Suppliers

question 75

Multiple Choice

A third-party Net marketplace that connects many buyers and suppliers for spot purchasing is called a(n)

• A) exchange.
• B) vertical market.
• C) private exchange.
• D) e-hub.

---

Definitions:

Language Development

The process by which children come to understand and communicate language during early childhood.

Functional Fixedness

A bias in cognition that confines a person to employ an object exclusively in its customary use, obstructing the process of generating creative solutions.

Mental Sets

Mental sets refer to the tendency to approach situations in a certain way because that method worked in the past, potentially preventing us from seeing alternative solutions.

Effective Problem Solving

A process of defining a problem, generating solutions, and choosing the best course of action to address the issue at hand.