The _________ Is a Model in Which Organizations Attempt to Procure

question 75

Multiple Choice

The _________ is a model in which organizations attempt to procure needed products or services from other organizations electronically.

• A) buy-side marketplace
• B) electronic exchange
• C) sell-side marketplace
• D) sellers exchange

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Definitions:

Fundamental Benefit

A primary or essential advantage that is intrinsic to a product, service, or activity.

ACP

Average Collection Period (ACP) is a financial metric that measures the average number of days it takes for a company to collect payments from its customers after a sale has been made.

Bad Debts

Accounts receivable that a company does not expect to collect and writes off as a loss.

Credit Policy

The guidelines a company follows to determine the creditworthiness of its customers and the terms and conditions of credit it will extend to them.