ISC Chap 5

Which of the following is not one of the major benefits of B2B for both buyers and sellers? A. reduces procurement costs B. expedites processing and reduces cycle time C. enables customized online catalogs with different prices for different customers D. increases opportunities for collaboration

a

B2B transactions that involve communication, design, planning, information sharing, and activities beyond financial transactions among business partners is referred to as: A. exchanges. B. public marketplaces. C. trading communities. D. collaborative commerce.

d

Key business drivers for B2B are all of the following except: A. the willingness of companies to incur higher costs to improve collaboration B. the availability of a secure broadband Internet platform C. the need for collaborations between suppliers and buyers D. numerous private and public B2B e-marketplaces

a

Markets that focus on providing materials or products that are used in various types of industries are known as horizontal marketplaces. a. True b. False

a

Reverse auctions are one method of electronic procurement that is very popular with public organizations where tendering is usually mandatory. A. True B. False

a