Final answer:
The collaborative procedure involving multiple companies for exchanging products and services via the internet is known as B) E-commerce. It extends companies' reach into global markets and is facilitated by advancements in technology and globalization, as well as international trade agreements.
Step-by-step explanation:
The collaborative procedure involving multiple companies for the exchange of products and services using internet technologies is known as B) E-commerce. This process allows for businesses to connect and engage in commercial transactions electronically. These online business-to-business platforms enhance the reach of companies, allowing them to access global markets, increase competition, and provide a variety of products and services, thereby taking advantage of economies of scale. The advance of globalization and technology has contributed significantly to this by reducing transportation costs and making long-distance management of production and sales more feasible. Finally, international trade agreements have played a critical role in promoting and simplifying these global business transactions.