ITPEC FE Morning October 2023 Question 73
ITPEC FE Morning October 2023 — Question 73 of 80
An e-marketplace is an Internet-based platform where multiple sellers and buyers meet and trade directly, without an intermediate distributor. Think of it as an online bazaar (e.g., Amazon Marketplace, Rakuten).
Why not others:
- (a) Describes SCM (Supply Chain Management) — sharing ordering/inventory/logistics data between a company and its partners to optimize the whole supply chain
- (b) Describes EDI (Electronic Data Interchange) — converting business transaction data into standardized formats for inter-company exchange
- (c) Describes O2O (Online-to-Offline) — using online campaigns to drive foot traffic to physical stores
Key rule: E-marketplace = many sellers + many buyers + meet online + trade directly (no middleman).
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