An information - and communication-based electronic exchange environment mostly occupied by sophisticated computer and telecommunications technologies and digital offerings is referred to as?

Answer: Market-space

Explanation:

Market-space is defined as marketing concept that states electronic information exchange mechanism. Physical constraints do not interrupt selling and buying mechanism in this environment. This space is constructed through online facility of technology.

Market space provides the service to customer as well as seller to display their requirements and accordingly interact for exchanging the product with payment. Both the parties agree on time location and transaction method for buying and selling.