Question

Which of the following statements are INCORRECT about company-centric marketplaces?

1) They are marketplaces which focus on a single company's purchasing needs or selling needs.
2) They are generally public entities owned by that company.
3) They support for buying needs (many to one, or buy-side).
4) They support for selling needs (one to many, or sell-side).

Answer 1

The incorrect statement about company-centric marketplaces is that they are generally public entities owned by the company. Company-centric marketplaces are typically private and specifically operated by the company itself, either focusing on the company's buying needs (buy-side) or selling needs (sell-side).The correct answer is option 2.

Step-by-step explanation:

The question is asking which of the statements about company-centric marketplaces are incorrect. Company-centric marketplaces are online settings where transactions occur primarily within the scope of a single company's purchasing or selling needs. These can be either on the buy-side (many to one) or on the sell-side (one to many). In examining which statement is incorrect, we must consider the structure of company-centric marketplaces:

1. A company-centric marketplace does focus on either a single company's purchasing needs or selling needs, making this statement correct.
2. They are not generally public entities; they tend to be private and operated by the specific company, which makes this statement incorrect.
3. These marketplaces indeed support buying needs, allowing many suppliers to meet the needs of one company, which is the buy-side approach, making this statement correct.
4. They also support selling needs by enabling one company to sell to many buyers, encompassing the sell-side approach, making this statement correct.The correct answer is option 2.