The Internet Helped to Create a Market for ___________________ Where

question 36

Multiple Choice

The Internet helped to create a market for ___________________ where sellers bid prices to capture a buyer's interest.

• A) Price elasticity of demand
• B) Stability pricing
• C) Pricing tactics
• D) Auction pricing
• E) Reverse auction

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Definitions:

Process Supply-Chain Risks

Process Supply-Chain Risks involve identifying, assessing, and managing the risks associated with the operational processes in the supply chain, aiming to minimize vulnerabilities and ensure continuity.

Blanket Orders

A type of purchase order issued by a buyer to a supplier, agreeing to purchase a specific amount of goods or services over a set period, often at a predetermined price.

Online Catalogues

Digital platforms or websites that display a collection of products or services offered by a retailer, allowing customers to browse and make purchases remotely.

Competitive Bidding

A procurement process where various suppliers submit bids to win a contract to provide goods or services, often focusing on offering the best value.