A(n) _____ Type of E-Procurement That Identifies New Suppliers for a Specific

question 61

Short Answer

A(n) _____ type of e-procurement that Identifies new suppliers for a specific category of purchasing requirements using Internet technology.

---

Definitions:

Rate of Return

The increase or decrease in value of an investment during a certain timeframe, shown as a percent of the investment's beginning price.

Interest-Rate Cost

The expense incurred by borrowers when they take out loans, represented as a percentage of the total loan amount charged over time.

Production Possibilities Curve

A graphical representation showing the maximum combination of goods or services that can be produced in a given timeframe with available resources and technology.

Technological Advance

Improvements in technology that increase productivity and lead to new products or more efficient processes.