______________ Refers to Procurement Methods That Make Use of an Electronic

question 20

Multiple Choice

______________ refers to procurement methods that make use of an electronic venue for identifying,evaluating,selecting,negotiating and collaborating with suppliers.The primary methods are online auctions,RFQ (request for quote) processing,and private exchanges.

• A)E-sourcing
• B)E-retailing
• C)EDI
• D)EFT

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Definitions:

Indiegogo

An international crowdfunding platform that helps people raise funds for creative projects, products, causes, and businesses.

Crowdfunding

A method of raising capital through the collective effort of friends, family, customers, and individual investors, primarily conducted online.

Crowdfunded Projects

Initiatives or ventures funded by raising small amounts of money from a large number of people, typically via online platforms.

Kickstarter

A crowdfunding platform designed to help bring creative projects to life by allowing creators to seek financial support from the public.