B2B E-commerce: Cost Reductions and Business Process Improvements

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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?

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?

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?

Changes in the economic environment may require a different approach to purchasing or logistics strategy each year Signup and view all the answers

What is a key requirement of the business purchasing process according to the text?

A number of people from different departments need to coordinate their individual activities as part of the business purchasing process Signup and view all the answers

What is the main characteristic of most B2B electronic commerce according to the text?

Most B2B electronic commerce is an adaptation of EDI or is based on EDI principles Signup and view all the answers

What does a True VAN allow?

Transmission of messages using different EDI standards Signup and view all the answers

What is a characteristic of True Financial VANs (FVANs)?

Can be used with ACH to format and transmit to non-standard EDI capable banks Signup and view all the answers

What does the Internet provide for EDI?

Inexpensive communications channel Signup and view all the answers

What does a 3PL provider do?

Integrate into a company's supply chain to support material movement activities Signup and view all the answers

What is the movement of money from one bank account to another known as?

Electronic Funds Transfers (EFTs) Signup and view all the answers

What technology do web-enabled transportation companies use for monitoring vehicle movements?

Global positioning satellite (GPS) Signup and view all the answers

What does EDI reduce within a company?

Interchange of information among departments Signup and view all the answers

What is required for a company to use the services of a VAN?

Installation of EDI translator software compatible with the VAN Signup and view all the answers

What do purchasing cards provide individual managers with?

Ability to make multiple small purchases at their discretion while providing cost tracking information Signup and view all the answers

What does direct connection EDI require each business in the network to have?

On-site EDI translator computer Signup and view all the answers

B2B E-commerce: Cost Reductions and Business Process Improvements

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