What Is a B2B Exchange,and What Benefits Do They Offer

question 75

Essay

What is a B2B exchange,and what benefits do they offer? Given those benefits,why are they today only a small part of the overall B2B picture?

---

Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good changes in response to a change in its price.

Revenue

The total income generated from normal business operations, such as sales of goods or services, before any expenses are deducted.

Firm Increases Price

A strategic decision by a company to raise the selling prices of its products or services, possibly due to increased costs or in response to high demand.

Rational

Referring to thinking or decision-making that is based on logic or reason rather than emotions.