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What Is the Process in Which a Buyer Posts Its

question 139

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What is the process in which a buyer posts its interest in buying a certain quantity of items with specified purchasing requirements and suppliers then compete for this business?


Definitions:

Supply and Demand

A fundamental economic model that explains how the price and quantity of goods and services are determined in a market through the interaction of suppliers and consumers.

Equilibrium Quantity

The amount of goods or services supplied that is exactly equal to the amount of goods or services demanded at a given price.

Multi-Touch Screens

Interactive display technology that recognizes simultaneous touches by one or more users, enabling gestures and interaction with content.

Supply of Electronic Tablets

The total quantity of electronic tablets that manufacturers are willing and able to sell at a given price level in a given time period.

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