Assignment:
1. Electronic markets in which prices fluctuate in every second are classified as
A. spot markets
B. exchange markets
C. vertical markets
D. both A and B
2. Business markets include
A. insurance companies
B. public utilities
C. government institutions
D. all of the above
3. Types of electronic procurement hubs are
A. geographical hubs
B. vertical hubs
C. functional hubs
D. both B and C
4. Buying mode in which buyer changes product prices and requirements is classified as
A. modified rebuy
B. modified buy
C. modified buyers
D. modified task
5. Mostly in business markets, number of buyers are
A. few and small buyers
B. few and large buyers
C. more and small buyers
D. more and large buyers