Management Information System (MIS) Practice Exam

Which term describes a marketplace where multiple sellers can offer goods or services to buyers?

1. E-exchange

2. E-marketplace

3. E-auction

4. E-integrator

The correct answer is: E-marketplace

The term that accurately describes a marketplace where multiple sellers can offer goods or services to buyers is e-marketplace. An e-marketplace serves as a digital platform that facilitates transactions between buyers and a variety of sellers. It allows these various sellers to showcase their offerings while providing buyers with a diverse selection of products and services, typically with the benefit of competitive pricing and the convenience of online shopping. E-exchanges, while related, are more specific to the trading of goods or services in a manner similar to stock exchanges, often with an emphasis on standardized products or commodities rather than a broad marketplace. E-auctions represent a specific type of transaction format within an e-marketplace where items are sold to the highest bidder rather than being available for direct purchase, which limits the scope of their function compared to e-marketplaces. E-integrators focus on the integration of technology and systems for business processes rather than serving as a venue for buying and selling, thus not fitting the description of a marketplace where sellers offer goods or services directly to buyers. The distinction of e-marketplace lies in its capability to combine multiple sellers under one platform catering to varied customer demands, making it the most fitting choice in this context.