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As business-to-business interactions via the Internet become more dynamic, new developments in Web services and e-commerce support an increasing number of business transactions.Webservices, using standardized software mechanisms and protocols, are self-contained, modular applications dynamically accessible over a network that often provide the capability of facilitating a business transaction. Private trading exchanges and marketplaces promote e-commerce with the use of auctions and other trading methods to conduct transactions over the Internet.
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