The traditional Marketplace consisted of collecting numerous sellers and buyers in order to optimize the selected characteristics and also optimise the purchase procedures through e-procurement.
Nowadays, the Marketplace is witnessing a rapid and continuous evolvement joining the internet with a new concept. It is now defined as the client space that reserves websites for independent merchants. But nothing comes for free. Sellers on these platforms have to transfer commissions for the owners of the platform.
In this article, we will be explaining everything you need to know about the marketplace and the advantages it had to offer.