E-Commerce: Chapter 12 Questions

Which of the following statements about cloud-based B2B systems is not true?

Much of the expense of the system is shifted from the B2B network provider to the firm.

The essential characteristic of ________ is that they bring hundreds to thousands of suppliers into a single Internet-based environment to conduct trade.

Net marketplaces

Which of the following is another name for a private industrial network?

PTX

All of the following are forms of collaboration among businesses except:

RFQs.

A(n) ________ system continuously links the activities of buying, making, and moving products from suppliers to purchasing firms, as well as integrating order entry systems.

SCM

Which of the following statements about B2B marketing is not true?

Spending on B2B digital marketing and advertising accounts for about 30% of the total amount spend on digital marketing and advertising.

________ purchasing involves the purchase of goods based on immediate needs in larger marketplaces that involve many suppliers.

Spot

Which of the following is NOT a characteristic of the use of social networks in B2B e-commerce?

They are always private.

Which of the following statements about EDI systems is true?

They typically serve vertical markets.

________ is a method for ensuring that suppliers precisely deliver ordered parts at a specific time and to a particular location.

Tight coupling

Which of the following statements about Walmart's Global Replenishment System (GRS) is not true?

To use GRS and make decisions about order sizes, vendors must first input data to the system in a spreadsheet format.

A private industrial network is an independently owned online marketplace that connects many suppliers and buyers.

True

B2B e-commerce websites tend to serve horizontal markets.

True

EDI systems generally serve vertical markets.

True

EDI was developed to reduce the cost, delays, and errors inherent in the manual exchanges of documents among firms.

True

Exchanges are not directly tied to ERP systems used by large firms.

True

Exchanges are used for spot purchasing of MRO supplies.

True

Operating on a global scale is one objective of private industrial networks.

True

Purchasing managers are key players in the procurement process.

True

All of the following are major technology trends in B2B e-commerce in 2020-2021, except:

a decrease in the use of social network platforms.

A(n) ________ supply chain is one in which the labor conditions in low-wage, underdeveloped producer countries are visible and morally acceptable to ultimate consumers in more developed industrial societies.

accountable

Which of the following was the first step in the development of B2B e-commerce?

automated order entry systems

The term BYOD refers to employees:

being allowed or encouraged to use their own mobile devices and laptops.

Walmart is using which of the following technologies in its Food Traceability Initiative?

blockchain

Which of the following is a transaction database that operates on a distributed P2P network that connects all participant members in a single database and is highly secure, reliable, resilient, and inexpensive?

blockchain

Supply chain ________ refers to differentiating a firm's products or prices on the basis of superior supply chain management.

competition

The majority of inter-firm trade involves:

contract purchasing of direct goods.

All of the following are examples of direct goods in the auto industry except:

desktop computers.

EDI began as a(n) ________ system.

document automation

An ________ primarily serves businesses that buy indirect goods on a spot purchasing basis.

e-distributor

An ________ provides an online catalog that represents the products of thousands of direct manufacturers.

e-distributor

NeweggBusiness is an example of a(n):

e-distributor

Which of the following primarily deal with indirect goods?

e-distributors and e-procurement Net marketplaces

Which of the following primarily serve horizontal markets?

e-distributors and e-procurement Net marketplaces

Which of the following primarily involve long-term sourcing?

e-procurement Net marketplaces and industry consortia

Collaborative commerce systems:

foster sharing sensitive internal information with suppliers and purchasers.

All of the following are potential benefits of B2B e-commerce except:

increased product cycle time.

Office supplies are an example of:

indirect goods

EDI document structures are defined by:

industry committees.

An ________ serves businesses that primarily buy direct goods on a contract purchasing basis.

industry consortium

The Seam is an example of an:

industry consortium

Which of the following is a method of inventory cost management that seeks to eliminate excess inventory?

just-in-time production

All of the following are potential benefits of B2B e-commerce except:

lower price transparency.

E-distributors:

make money by charging a mark-up on products they distribute.

Automated order entry systems:

only show goods from a single seller.

An example of an indirect good in the fast-food industry is:

paper napkins.

The liquidity of a market is measured by all of the following except:

price transparency.

What is the first step in the procurement process?

search for suppliers

The last step in the procurement process is:

sending a remittance payment.

________ is an example of an e-procurement Net marketplace.

Ariba

________ is defined as the use of digital technologies to permit organizations to work together to design, develop, build, and manage products through their life cycles.

Collaborative commerce

All of the following are weaknesses of EDI except:

EDI lacks universal standards.

E-distributors are sometimes referred to as many-to-one markets, with many sellers serving one firm.

False

Few large firms today have Electronic Data Interchange (EDI) systems.

False

Highly centralized supply chains produce higher short-term costs and lower long-term risk protection.

False

MRO goods are also known as direct goods.

False

Private industrial networks are usually owned collectively by the major firms participating in the network, while exchanges usually are created by a single sponsoring company.

False

The primary goal of tight coupling is to reduce excess inventory to a bare minimum.

False

Walmart is both the world's largest retailer and has the world's largest supply chain.

False

Which of the following is an example of an e-distributor?

Grainger

Which of the following is NOT a typical barrier to the implementation of a private industrial network?

It requires the large network owners to give up some of its independence.

________ production is a set of production methods that focuses on the elimination of waste throughout the customer value chain.

Lean

Which of the following refers to the links that connect business firms with one another to coordinate production?

supply chain

B2B e-commerce websites:

tend to serve horizontal markets.

trans-organizational business process require ________ to perform.

two independent firms.

A(n) ________ market is one that provides expertise and products for a specific industry (i.e., automobiles).

vertical

Analysts predict that B2B e-commerce in the United States will grow to approximately ________ by 2024.

$9.8 trillion

All of the following have led to the development of outsourcing of manufacturing around the world except:

environmental concerns.

An ________ is an independently owned, online marketplace that connects hundreds to potentially thousands of suppliers and buyers in a dynamic, real-time environment.

exchange

An ________ primarily serves businesses that primarily buy direct goods on a spot purchasing basis.

exchange

Private industrial networks are direct descendants of:

existing EDI networks.