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Questions and Answers

What is the main focus of digital business management?

Improving traditional business processes
Reducing the use of e-communications
Enhancing e-business and supply chain management (correct)
Eliminating the need for value chain analysis

What is the main goal of digital business management?

To reduce the number of suppliers in the supply chain
To increase the number of traditional channels used by the organization
To optimize both buy-side and sell-side processes (correct)
To decrease the use of e-communications in the organization

What does e-commerce refer to?

Only financial transactions between organizations
Only exchanges of information between organizations
Both financial transactions and exchanges of information between organizations (correct)
Only exchanges of services between organizations

What does e-commerce refer to?

Both financial transactions and exchanges of information between organizations (C) Signup and view all the answers

What is the main goal of digital business management?

To optimize internal processes with online and traditional channels (B) Signup and view all the answers

What does VC stand for in the context of supply chain management?

Value chain (B) Signup and view all the answers

What is the main difference between buy-side e-commerce and sell-side e-commerce?

Buy-side e-commerce involves transactions between an organization and its suppliers and partners, while sell-side e-commerce involves transactions between an organization and its customers. (C) Signup and view all the answers

What is buy-side e-commerce?

E-commerce transactions between an organization and its suppliers and other partners (B) Signup and view all the answers

What is the role of value networks in digital business management?

They are the links between an organization and its strategic and non-strategic partners (C) Signup and view all the answers

What is the difference between value chain analysis and value networks?

Value chain analysis focuses on supply chain activities, while value networks look at how those activities add value to products and services. (B) Signup and view all the answers

What is e-business?

All electronic transactions within an organization (B) Signup and view all the answers

What is the difference between e-business and supply chain management?

E-business encompasses all electronic transactions within an organization, while supply chain management coordinates all supply activities from suppliers to customers. (A) Signup and view all the answers