CIS 450 Chapter 12
________ was/were the first step in the development of B2B e-commerce.
Automated order entry systems
________ 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
Supply chain ________ refers to differentiating a firm's products or prices based on superior supply chain management.
competition
Most inter-firm trade involves:
contract purchasing of direct goods.
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 deals with direct goods?
exchanges and industry consortia
Private industrial networks are direct descendants of:
existing EDI networks
Walmart's global supply chain has been criticized for all of the following except:
failing to be efficient.
A(n) ________ market is one that provides expertise and products for a specific industry, such as automobiles.
Vertical
Which of the following primarily deals with indirect goods?
e-distributors and e-procurement Net marketplaces
________ is an example of an e-distributor.
Amazon business
Which of the following is an example of an e-procurement Net marketplace?
Ariba
Which of the following statements about B2B marketing is not true?
B2B marketing accounts for over 25% of the total amount spent on digital marketing and advertising.
All of the following are forms of collaboration among businesses except:
RFQs.
________ refers to the links that connect business firms with one another to coordinate production.
Supply chain
All of the following are current major trends in B2B e-commerce, except:
a movement toward implementing highly centralized supply chains to reduce risk.
________ is another name for transorganizational business processes.
collaborative commerce
Which of the following primarily involves long-term sourcing?
e-procurement Net marketplaces and industry consortia
An ________ is an independently owned, online marketplace that connects hundreds to potentially thousands of suppliers and buyers in a dynamic, real-time environment.
exchange
Collaborative commerce systems:
foster sharing sensitive internal information with suppliers and purchasers.
All of the following are important trends in B2B e-commerce in 2016-2017, except:
growing emphasis on lowest cost supply chains.
EDI document structures are defined by:
industry committees.
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.
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
________ purchasing involves the purchase of goods based on immediate needs in larger marketplaces that involve many suppliers.
spot
All of the following are weaknesses of EDI except:
EDI lacks universal standards.
An ________ primarily serves businesses that buy direct goods on a spot purchasing basis.
Exchange
An ________ primarily serves businesses that buy indirect goods on a contract purchasing basis.
e-procurement Net marketplace
All of the following have led to the development of outsourcing of manufacturing around the world except:
environmental concerns.
An example of an indirect good in the fast-food industry is:
paper napkins.
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.
All of the following are examples of direct goods in the auto industry except:
desktop computers
The essential characteristic of ________ are they bring hundreds to thousands of suppliers into a single Internet-based environment to conduct trade.
net marketplaces
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.
B2B e-commerce websites:
tend to serve horizontal markets.
Cisco estimates that by 2016, mobile traffic will represent ________% of all business Internet traffic.
Over 25
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
In 2016, the total amount of B2B e-commerce in the United States was approximately:
$6.7 trillion.
Analysts predict that B2B e-commerce in the United States will grow by 2020 to approximately:
$9 trillion
________ are the fastest growing form of B2B e-commerce.
Private industrial networks
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
All of the following are potential benefits of B2B e-commerce except:
increased product cycle time.
Office supplies are an example of:
indirect goods.
An ________ serves businesses that primarily buy direct goods on a contract purchasing basis.
industry consortium
TheSeam is an example of an ________.
industry consortium
________ production is a set of production methods that focuses on the elimination of waste throughout the customer value chain.
lean
The last step in the procurement process is:
sending a remittance payment