Examlex
What is the main difference between eBay and a live English auction?
Intermediaries
Individuals or organizations that act as middlemen in a transaction between two parties, facilitating interaction or negotiation between them.
Disintermediation
The removal of intermediaries from a supply chain or business process, often through direct transactions between producers and consumers facilitated by digital technologies.
Porter's Five Forces
A framework for analyzing the competitive forces within an industry, including competition, potential entrants, substitute products, bargaining power of suppliers, and bargaining power of customers.
WAN
A Wide Area Network is a telecom network that spans a vast geographic area, mainly designed for connecting computers.
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Q34: Customers who have completed several transactions and
Q58: The whole auction process is managed by
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