Which of the Following Is Another Name for a Private

question 61

Multiple Choice

Which of the following is another name for a private industrial network?

• A) industry consortia
• B) EDI system
• C) PTX
• D) net marketplace

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Definitions:

Scarcity

A situation in which resources are insufficient to satisfy all wants and needs.

Reactance

A motivational reaction to offers, persons, rules, or regulations that threaten or eliminate specific behavioral freedoms.

Compliance

The act of conforming to or following rules, regulations, or standards.

Lowball Technique

A persuasion and negotiation strategy where an initially favorable offer is made, only to be changed to less favorable terms after initial agreement.