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They can also reduce transaction costs by providing a standardized platform for transactions to take place. However, marketplaces can also be highly competitive, with many sellers vying for the attention of buyers. Success on a marketplace requires a combination of pricing, quality, and customer service. Marketplaces also typically charge fees to sellers for the use of their platform. These fees can vary depending on the type of product or service being sold, as well as the size of the transaction.

Table of Contents It is important to acquire that E-Commerce is not like the acclimatized accurate market. It has its own prerequisites and standards that acquire to be maintained with specialized rules that acquire to be followed for alive the online business successfully.. Refrences : Watch now