Certified Supply Chain Professional (CSCP) Practice Exam

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Study for the Certified Supply Chain Professional (CSCP) Practice Exam. Prepare with multiple choice questions, each accompanied by hints and explanations. Get ready to ace your exam!

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How does a vertical marketplace differ from a horizontal marketplace?

It connects buyers and sellers from various industries
It connects buyers and sellers within the same industry
It operates solely offline
It charges no transaction fees

The correct answer is: It connects buyers and sellers within the same industry

A vertical marketplace distinctly focuses on connecting buyers and sellers within a specific industry sector, which allows it to cater to specialized needs and products. This type of marketplace enhances visibility and interaction among participants who share common interests, enhancing efficiency and facilitating transactions that are relevant to that particular sector. In contrast, a horizontal marketplace connects buyers and sellers across different industries, offering a broader range of products and services but often lacking the specialized offerings that a vertical marketplace provides. This differentiation in focus allows vertical marketplaces to implement industry-specific features and solutions, leading to a more tailored experience for users within the same industry. Understanding these characteristics helps clarify the dynamics of supply chain interactions, as businesses often leverage vertical marketplaces to optimize procurement, distribution, and innovation within their specific market domain.