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Online Auction Sites That Are Designed for Transactions Between Businesses

question 31

Multiple Choice

Online auction sites that are designed for transactions between businesses are referred to as ____ auction sites.


Definitions:

Place

Refers to the distribution aspect of the marketing mix, concerning how a product or service is made available to the consumer.

RFID System

A technology system utilizing radio-frequency electromagnetic fields to transfer data for the purposes of automatically identifying and tracking tags attached to objects.

Checking Products

Checking Products involves inspecting and verifying the quality, safety, and specifications of goods before they are sold to ensure they meet required standards.

Just in Time

An inventory management strategy that aligns raw-material orders from suppliers directly with production schedules to reduce inventory costs.

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