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MIS: Digital Firm Lecture 4 Quiz

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Questions and Answers

What is the primary purpose of ChemConnect.com as mentioned in the text?

Social media site for industry professionals
E-learning platform for industrial training
Marketplace for long-term sourcing of direct inputs (correct)
Online platform for sharing industry news

In the context of the text, what does 'Industry groups' refer to?

Trade unions representing different industries
Online platforms for industrial research
Online forums for discussing industrial challenges
Net marketplaces for sourcing direct inputs (correct)

What type of inputs are primarily sourced through ChemConnect.com?

Direct inputs for long-term production needs (correct)
Indirect materials for office use
Health and safety equipment
Consumer goods for retail sale

How does an intranet differ from a marketplace like ChemConnect.com?

A marketplace is used for sourcing direct inputs (B) Signup and view all the answers

Which term best describes the function of ChemConnect.com based on the text?

Supply chain management system (C) Signup and view all the answers

What distinguishes ChemConnect.com from a traditional retail e-commerce website?

'Long-term sourcing' focus instead of one-time purchases (C) Signup and view all the answers

Why would industry professionals prefer using a platform like ChemConnect.com over general online marketplaces?

Specialized focus on direct production inputs (D) Signup and view all the answers

What role do online marketplaces like ChemConnect.com play in the industrial supply chain?

Facilitating transactions between buyers and sellers (D) Signup and view all the answers

How does ChemConnect.com contribute to streamlining the procurement process for industries?

'Long-term sourcing' focus reducing repetitive ordering (C) Signup and view all the answers

'Net marketplaces' mentioned in the text primarily serve as platforms for __________.

'Business-to-business' transactions (B) Signup and view all the answers