Question

Large established businesses often have networks of other businesses within their supply chains in order to maintain the flow of information and materials. Company A is an organization that hosts its own marketplace of suppliers in order to facilitate the pursuit of its own interests.

Which network describes Company A's example of e-commerce?
a. Private industrial
b. Net marketplace
c. Direct marketplace
d. Public exchange

Answer 1

Company A's marketplace of suppliers is an example of a private industrial network, a type of e-commerce platform. This network is centralized and provides a secure and efficient environment for business-to-business interactions, reflecting technological advancements and global market trends.

Step-by-step explanation:

Company A, which hosts its own marketplace of suppliers to facilitate its business interests, is an example of a private industrial network in e-commerce. This kind of network is characterized by a centralized structure with a focus on creating a controlled environment where established businesses can manage and streamline their supply chains more efficiently.

In contrast to public exchanges or net marketplaces that are more open and competitive, a private industrial network allows for a more customized and secure interaction between a company and its suppliers. This setup reflects both the technological and globalization shifts within markets, as it leverages internet technology to facilitate business-to-business interactions on a global scale.