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

question 95

Multiple Choice

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

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

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Definitions:

Efficient

Pertaining to a process or system that achieves maximum productivity with minimal wasted effort or expense.

Economy

Represents the system of production, distribution, and consumption of goods and services within a specific region or country.

Efficiency

Efficiency in economics means the optimal allocation of scarce resources to meet the desired objectives, minimizing waste and maximizing value.

Economy

A broad term that encompasses all activities related to the production, consumption, and trade of goods and services in an area or country.