A Type of E-Commerce Site Where Product or Service Information

question 31

Multiple Choice

A type of e-commerce site where product or service information is provided by multiple third parties, such as Amazon or Expedia, is called a(n) :

• A) online marketplace.
• B) B2C system.
• C) sell-side system.
• D) on-line trading community.

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Definitions:

Price War

A competitive situation where businesses continuously lower prices to undercut competitors, potentially at the cost of profit margins.

Payoff Matrix

A visual representation in game theory of the potential outcomes or rewards from different actions or strategies adopted by players.

International Strategy

A business approach used by companies to expand their operations and market presence across national borders.

National Strategy

A comprehensive plan of action developed by a country to guide decisions and achieve rational outcomes.