Net Marketplaces

question 60

Multiple Choice

Net marketplaces

• A)focus on continuous business process coordination between companies for supply chain management.
• B)are industry owned or operate as independent intermediaries between buyers and sellers.
• C)are geared towards short-term spot purchasing.
• D)are more relationship oriented than private industrial networks.
• E)typically consist of a large firm linking to its suppliers and partners.

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Definitions:

Privacy Laws

Regulations designed to protect the personal information and data of individuals from unauthorized use or disclosure.

Personal Assets

Refers to property owned by an individual, including both tangible and intangible items such as cash, real estate, stocks, and personal belongings.

Sole Proprietorship

A business structure where the business is owned and run by a single individual, with no legal distinction between the owner and the business.

Business Transactions

Economic activities that involve the exchange of goods, services, or money between two or more parties.