Podcast
Questions and Answers
Which of the following statements about B2B e-commerce is true?
Which of the following statements about B2B e-commerce is true?
- B2B e-commerce has no potential for cost reductions and business process improvements
- B2B e-commerce has limited potential for cost reductions and business process improvements
- B2B e-commerce has tremendous potential for cost reductions and business process improvements in purchasing, logistics, and support activities (correct)
- B2B e-commerce is mainly focused on consumer purchasing and logistics
How does vendor interaction help in B2B e-commerce?
How does vendor interaction help in B2B e-commerce?
- Vendor interaction helps build trust in B2B e-commerce (correct)
- Vendor interaction is infrequent and does not contribute to building trust
- Vendor interaction is not considered important in B2B e-commerce
- Vendor interaction does not help build trust in B2B e-commerce
What advantage do emerging networks of firms have over hierarchically structured businesses?
What advantage do emerging networks of firms have over hierarchically structured businesses?
- Emerging networks are more flexible and can respond to changes in the economic environment much more quickly than hierarchically structured businesses (correct)
- Emerging networks have no advantages over hierarchically structured businesses
- Emerging networks are less flexible than hierarchically structured businesses
- Emerging networks are slower to respond to changes in the economic environment than hierarchically structured businesses
Why might a purchasing or logistics strategy that works this year not work next year?
Why might a purchasing or logistics strategy that works this year not work next year?
What is a key requirement of the business purchasing process according to the text?
What is a key requirement of the business purchasing process according to the text?
What is the main characteristic of most B2B electronic commerce according to the text?
What is the main characteristic of most B2B electronic commerce according to the text?
What does a True VAN allow?
What does a True VAN allow?
What is a characteristic of True Financial VANs (FVANs)?
What is a characteristic of True Financial VANs (FVANs)?
What does the Internet provide for EDI?
What does the Internet provide for EDI?
What does a 3PL provider do?
What does a 3PL provider do?
What is the movement of money from one bank account to another known as?
What is the movement of money from one bank account to another known as?
What technology do web-enabled transportation companies use for monitoring vehicle movements?
What technology do web-enabled transportation companies use for monitoring vehicle movements?
What does EDI reduce within a company?
What does EDI reduce within a company?
What is required for a company to use the services of a VAN?
What is required for a company to use the services of a VAN?
What do purchasing cards provide individual managers with?
What do purchasing cards provide individual managers with?
What does direct connection EDI require each business in the network to have?
What does direct connection EDI require each business in the network to have?