Final answer:
The term describing the collaborative process involving multiple companies and internet technologies for exchanging products and services is Supply chain management. This process benefits from technological advances and the globalization of markets.
Step-by-step explanation:
The term that best describes a collaborative procedure involving multiple companies for the exchange of products and services using internet technologies is B) Supply chain management. This involves coordinating and integrating the movement of goods, information, and finances as products move from suppliers to manufacturers to wholesalers to retailers and finally to consumers. Supply chain management harnesses technology and globalization to optimize the entire chain, allowing even small economies to take advantage of economies of scale and increased competition. Innovations in computing and telecommunications have facilitated the management of long-distance economic connections, making it easier and more efficient to conduct international trade.