What Term Depicts a Virtual Marketplace in Which All Businesses

question 4

Multiple Choice

What term depicts a virtual marketplace in which all businesses buy from and sell products and services to each other, and share information?

• A) Virtual Markets (VM)
• B) E-Markets (EM)
• C) Open Market
• D) B2B e-marketplace

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Definitions:

Logistic Regression

A statistical analysis method used for prediction of a binary outcome, based on one or more predictor variables.

Odds Ratio

A measure of association between an exposure and an outcome, indicating the odds of an outcome occurring with an exposure compared to without.

Myopia

A common eye condition characterized by difficulty seeing distant objects clearly, typically correctable with glasses or contact lenses.

Binomial Probability

The probability of achieving a specific number of successes in a fixed number of independent trials, each with two possible outcomes.