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Questions and Answers
Which type of firm creates a digital environment for buyers and sellers to meet, display products, search for products, and establish a price for products?
Which type of firm creates a digital environment for buyers and sellers to meet, display products, search for products, and establish a price for products?
- Value Web Business
- E-Distributor (correct)
- Service Providers
- E-Procurement Firm
What is the term used to describe the activities performed in an industry or firm that transforms raw inputs into final products and services?
What is the term used to describe the activities performed in an industry or firm that transforms raw inputs into final products and services?
- Value Chain (correct)
- B2B Service Provider
- Service Providers
- Market Creator
Which strategy focuses on making products or services unique to distinguish them from competitors?
Which strategy focuses on making products or services unique to distinguish them from competitors?
- Commoditization
- Scope Strategy
- Differentiation (correct)
- Cost Competition
Which one of these provides users with powerful search tools and an integrated package of content and services all in one place?
Which one of these provides users with powerful search tools and an integrated package of content and services all in one place?
What does a company supplying products and services directly to individual businesses refer to?
What does a company supplying products and services directly to individual businesses refer to?
Which term describes a set of activities that firms engage in to create final products from raw inputs?
Which term describes a set of activities that firms engage in to create final products from raw inputs?
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