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Electronic market
 
An e-marketplace (e-marketplaces) is defined as virtual places on the Internet that serve as trading platforms. On these platforms, demand and supply from multiple parties meet in a way that allows sellers and buyers to do business.
 
Brief description
The peculiarities of e-marketplaces are that not only suppliers are looking for customers here, but buyers can also look for multiple sellers on one platform. In this way, the effort for both buyer and seller is reduced, and it is possible to reach a large number of offers with frequently visited websites or marketplaces.
Electronic markets offer the following benefits, among others:
  • low transaction costs compared to inquiries or tenders
  • a new form of cooperation between companies
  • rapid acceleration of acquisition processes
  • taking advantage of global sourcing opportunities

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