Fill the gap with the most appropriate word or group of work to complete the sentence...
Fill the gap with the most appropriate word or group of work to
complete the sentence (20marks)
1. Web-based procurement networks in which one or more
companies source their suppliers at the lowest costs possible is
known as ---------
Homework Answers
Question: Web-based procurement networks in which one or more companies source their suppliers at the lowest costs possible is known as ---------
Answer: B2B e-marketplaces, trading communities, trading hubs, or electronic supply chains.
Explanation: B2B e-marketplaces, also known as e-procurement marketplace, electronic supply chains or trading hubs, is a business-to-business(B2B) e-commerce marketplace where potential companies source products or raw materials from suppliers in much cheaper price.
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