A _______________ Buy-Side Marketplace Attracts Many Suppliers That Flock to the Exchange

question 107

Multiple Choice

A _______________ buy-side marketplace attracts many suppliers that flock to the exchange to bid for the business of a major buyer, such as GE or AT&T.

• A) many-to-one
• B) some-to-many
• C) many-to-some
• D) many-to-many

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Definitions:

Complexity

The state of having multiple interrelated parts, leading to difficulty in understanding, prediction, or control.

Organizational Size

This refers to the magnitude of an organization, typically measured by the number of its employees, the scale of its operations, or its market share.

Adhocracy

A flexible, adaptable, and informal organizational structure that is defined by a lack of rigid procedures, roles, and hierarchies, facilitating innovation and creativity.

Mutual Adjustment

A process of coordinating actions and decisions through informal communication and negotiation among parties.