Two main types of Internet-based B2B commerce are —
2018
Two main types of Internet-based B2B commerce are —
- A.
net marketplaces and private industrial networks
- B.
EDI and collaborative commerce
- C.
net marketplaces and collaborative commerce
- D.
EDI and private industrial networks
Attempted by 140 students.
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Correct answer: A
Internet-based B2B commerce is mainly classified into net marketplaces and private industrial networks. Net marketplaces: Online exchanges where multiple buyers and sellers trade; they provide catalogs, price discovery and transaction services.
Private industrial networks: Company-controlled electronic networks (extranets) that connect a firm with its suppliers and customers to coordinate procurement, production and logistics.