A form of electronic transaction formats that facilitate delivery of added value is the _______ in which one firm posts an offering and other parties submit bids.
A)community
B)catalog
C)electronic auction
D)exchange

Question

Quizplus · Accepted Answer

The electronic auction is a type of transaction format where a seller posts an offering and potential buyers bid for it. This format can help to create added value by allowing for competition among buyers, which can drive up the price and result in the seller receiving a higher profit. Additionally, the electronic nature of the auction can streamline the transaction process and reduce costs for both buyers and sellers.

A Form of Electronic Transaction Formats That Facilitate Delivery of Added