In the Third-Party Exchange Marketplace Model, a _____ Market Concentrates

question 61

Multiple Choice

In the third-party exchange marketplace model, a _____ market concentrates on a specific industry or market.

• A)vertical
• B)horizontal
• C)baseline
• D)sideline

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Definitions:

High Perceived Value

The extent to which a product or service is regarded by a consumer as being worthy or beneficial, often relative to its cost.

Price

Price is the amount of money expected, required, or given in exchange for something else, such as a product or service.

Prestige

The reputation or high standing of something or someone, often acquired through quality, achievements, or exclusivity.

Quality

The standard of something measured against other things of a similar kind; the degree of excellence of something.