B2B E-commerce: Cost Reductions and Business Process Improvements
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Questions and Answers

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?

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

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

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

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

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

    What does a True VAN allow?

    <p>Transmission of messages using different EDI standards</p> Signup and view all the answers

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

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

    What does the Internet provide for EDI?

    <p>Inexpensive communications channel</p> Signup and view all the answers

    What does a 3PL provider do?

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

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

    <p>Electronic Funds Transfers (EFTs)</p> Signup and view all the answers

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

    <p>Global positioning satellite (GPS)</p> Signup and view all the answers

    What does EDI reduce within a company?

    <p>Interchange of information among departments</p> Signup and view all the answers

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

    <p>Installation of EDI translator software compatible with the VAN</p> Signup and view all the answers

    What do purchasing cards provide individual managers with?

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

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

    <p>On-site EDI translator computer</p> Signup and view all the answers

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