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Major Types of Online Marketplaces and Models

Major Types of Online Marketplaces and Models

An online marketplace is a web portal designed to consolidate the vendors and customers around the world for their business purposes. There are many types of online marketplaces that facilitate different parties to conduct their business independently. Similar to traditional markets, there are mainly three types of online marketplaces. B2B It is an abbreviation used to denote business to business marketplace. This model provides a business entity with an online marketplace to sell their products directly to other business entities….

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