Question

Net marketplaces

A) Are more relationship oriented than private industrial networks.
B) Typically consist of a large firm linking to its suppliers and partners.
C) Are industry-owned or operate as independent intermediaries between buyers and sellers.
D) Focus on continuous business process coordination between companies for supply chain management.
E) Are geared towards short-term spot purchasing.

Answer 1

Net marketplaces typically operate as independent intermediaries or are industry-owned, facilitating interactions between buyers and sellers worldwide, influenced by technology and globalization. The correct option is C.

Step-by-step explanation:

The student's question is asking about the characteristics of net marketplaces in contrast to other digital business networks. The correct answer to what net marketplaces typically are can be captured in option C: Net marketplaces are industry-owned or operate as independent intermediaries between buyers and sellers.

They offer a platform for buyers and suppliers to find each other, potentially from anywhere in the world, indicative of a trend driven by advancements in technology and globalization.

These online marketplaces have reshaped the traditional concept of a market, enabling increased competition across geographical boundaries. The improvements in communication technologies, like the internet, play a crucial role in allowing these transactions to occur.

They serve as conduits for market interaction, reflecting a combination of demand and supply in a decentralized market economy.