Internet-based sales transactions between business firms, including reverse auctions, are:
AE-trading desk
BE-procurement
CE-learning path
DE-delivery post
Answer & Solution
Correct answer: B. E-procurement
1. Digital marketplaces bring many buyers and sellers.
2. One purchaser can face many sellers.
3. That is e-procurement.
_Source: NCERT Class 11 Business Studies, Chapter 5, Emerging Modes of Business._
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