W1DQ2 Marketspaces and marketspaces

Compare marketplaces with marketspaces. What are the advantages and limitations of each? What is your favorite marketspace and why? What is the impact of your favorite marketspace on the industry? Explain your answer in 200 words. Respond to at least two of your fellow students’ postings.

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A marketplace is where goods and services are exchanged, usually B2B.“A marketspace is the exchange of goods and services through electronic transactions online” (Turban, King, & Lang,2011).One of the major advantages of a marketplace is the ability to see and touch the item before purchase, along with the instant gratification of being able to use your purchase immediately. In addition, there are no shipping fees involved when the purchase is small enough to fit in the consumer’s vehicle. On the other hand, marketplaces are limited in the amount of inventory readily available, thus the consumer may need to try multiple locations or settle for something different than what they were looking for.

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