Question

Because it improves timeliness of supplier information and reduces both order processing and marketing costs, ________buying is popular in all three kinds of organizational markets.

Answer 1

Answer:

internet

Explanation:

Based on the information provided within the question it can be said that the type of buying being mentioned in this scenario would be internet buying. This allows organization's to easily order what they need and cut down on the amount of money that they need to spend on various other costs as well as the amount of time.

Answer 2

Answer:

internet

Explanation:

Organizational markets basically refers to business-to-business (B2B) markets, where businesses purchase all the supplies, materials, services, equipment, components, etc., that they need for their day to day operations, and their production processes. There are three main types of organizational markets: producers, resellers and institutions.

Internet buying and selling provides several advantages to companies that engage in B2B trading such as:

1. fewer costs
2. global access 24/7
3. greater flexibility which improves customer service
4. shorter delivery times
5. less paper waste.
6. manage your business from anywhere
7. etc.