The Essential Characteristic of ________ Is That They Bring Hundreds

question 78

Multiple Choice

The essential characteristic of ________ is that they bring hundreds to thousands of suppliers into a single Internet-based environment to conduct trade.

• A) industry consortia
• B) exchanges
• C) Net marketplaces
• D) horizontal markets

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Definitions:

Organizational Crisis

A situation that threatens an organization and its stakeholders—for example, shareholders, customers, employees, and the public—and can seriously impact performance and generate negative outcomes.

Management Failures

Situations where leadership and organizational strategies fail to achieve objectives, leading to negative consequences for the company.

Poor Product Designs

Refers to products that are inefficient, unappealing, or unsafe due to inadequate design, often leading to consumer dissatisfaction or failure in the market.

Cross-Selling

A sales strategy where a company proposes additional products or services to a customer based on previous purchases.