Question

In the ______________ marketplace model, organizations sell their products or services to other organizations from their own private website or from a third-party site.

Answer 1

The B2B marketplace model is where organizations sell to other organizations through private or third-party sites, enabled by technology and globalization.

Step-by-step explanation:

In the business-to-business (B2B) marketplace model, organizations sell their products or services to other organizations from their private websites or through third-party sites. The B2B marketplace has grown significantly due to technological advances, primarily the development of the internet, which enables organizations to connect and conduct transactions on a global scale. With the interconnection of technology and globalization, B2B marketplaces have transformed the way businesses interact, offering a platform for businesses to find suppliers and buyers worldwide.