In the Context of E-Marketplaces, a _____ Market Concentrates on Coordinating

question 62

Multiple Choice

In the context of e-marketplaces, a _____ market concentrates on coordinating a business process or function involving multiple vendors.

• A)horizontal
• B)labor
• C)diagonal
• D)hierarchical

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Definitions:

Intermediate Goods

Products used in the production process to make other goods, not including raw materials.

Final Goods

Products that have completed the manufacturing process and are ready for use by consumers or to be sold as finished goods.

GDP

The total value of all ultimate goods and services generated within a country during a designated period is known as the Gross Domestic Product.

GDP Deflator

An economic metric that converts output measured at current prices into constant-price output, making it possible to compare the real value of aggregate production across different periods.