Exchanges in the digital business environment
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1. What is the difference between the concept of exchange and the concept of transaction?
2. What four key interest groups may be involved in exchanges in the digital business environment?
3. If the key role of buyers and sellers is to create the exchange environment then what is the key role of policy makers and technology developers?
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Solution Summary
This explanation explains the concept of exchange and transaction, lists key interest groups, explains the key role of buyers, sellers, and policy makers.
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1. What is the difference between the concept of exchange and the concept of transaction?
The difference between the concept of exchange and the concept of transaction is: The concept of exchange primarily involves substituting one thing for another or the giving of something of value (as real property) in return for something of equal value while the concept of ...
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