_____ Refers to the Combining of Purchase Requests from Multiple

question 47

Multiple Choice

_____ refers to the combining of purchase requests from multiple buyers into a single large order,which justifies a discount from the business.

• A)Mass customization
• B)E-business alliance
• C)Demand aggregation
• D)Small business coalition (SBC)

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Definitions:

Private Goods

Goods that are excludable and rival in consumption, meaning their use is limited to paying customers and one person's use of the good prevents another's use of it.

Prices

The sum of money needed to buy a product or service.

Efficient Allocation

The optimal distribution of resources in an economy, where resources are utilized in a manner that maximizes societal welfare without any wastage.

Rival in Consumption

A characteristic of a good whereby one person's consumption reduces the availability of the good for another person.