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When organizations request for bids for contracts on their own Web site for procurement, such business is classified as a(n):

User Gotopie
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Answer:

The correct answer to the following question will be the "Buy-side marketplace".

Step-by-step explanation:

  • It is the financial market side that buys and sells large sections of shares for investment or financial advisory purposes.
  • Buy-side experts work with insurance provider companies, investment funds and pension funds as they buy large amounts of assets for investment managers.
  • And, If companies seek tenders for contracts according to their own contracting website, they are known as a Buy-side procurement.

Therefore, the Buy-side marketplace is the right answer.

User Whereswalden
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