A(n)________ E-Marketplace Is a B2B Web Site That Uses Reverse

question 43

Essay

A(n)________ e-marketplace is a B2B Web site that uses reverse auctions or other e-procurement methods.

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Definitions:

Production

The method of merging different materials and non-material elements (such as designs and expertise) to create products for use.

The Wealth of Nations

"The Wealth of Nations" is a seminal book by Adam Smith, where he examines the nature and causes of the wealth of nations, laying the foundations of classical economics.

Adam Smith

A Scottish economist and philosopher, considered the father of modern economics, best known for his work "The Wealth of Nations."

Efficient

The characteristic of maximizing output or effectiveness with the least waste of time, resources, or effort.