The _________ marketplace is similar to the B2C model in which the buyer comes to the seller's site, views catalogs, and places and order.
A)buy-side
B)sell-side
C)reverse auction
D)e-procurement

Question

Quizplus · Accepted Answer

The sell-side marketplace is the B2C model where the seller's site is visited by the buyer, catalogs are viewed, and orders are placed. The buy-side marketplace is the B2B model where the buyer's site is visited by the seller, catalogs are viewed, and orders are placed. Reverse auction is a type of auction where prices go down instead of up, and e-procurement is the process of purchasing goods and services online.

The _________ Marketplace Is Similar to the B2C Model in Which