Use the Online Marketplace data sets available in Wiley Course…

Use the Online Marketplace data sets available in Wiley Course Resources to answer the following questions about the online marketplace:
If the company had purchased all of its materials from the online marketplace, what inventory cost would be shown for all materials on hand based on the average transaction price? Is that value higher or lower than the value of all materials if using their standard price?
If the company can freely choose the lower of the standard price or the average price in the online marketplace, what is the lowest possible inventory cost of all materials on hand?
Is there a particular marketplace vendor that always sells at a price lower than the standard price?
Based on your observations in (a) and (b), can you explain why the competitors are switching to the online marketplace? What would you recommend to your company?

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