Question 1

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

Accepted Answer

All of the other answer choices (lower administrative costs, lower search costs, and lower transaction costs) are potential benefits of B2B e-commerce. However, lower price transparency is not a benefit as it means that buyers may not have access to all pricing information, which could lead to mistrust and hinder business transactions.

Question 2

B2B e-commerce Web sites tend to serve horizontal markets.

Accepted Answer

B2B e-commerce websites typically serve horizontal markets, meaning they offer products or services that can be used by businesses in a variety of industries.

Question 3

Which of the following statements about EDI systems is true?

Accepted Answer

EDI systems are typically designed for specific industries or vertical markets, as they require specific formats and protocols for exchanging information. B is incorrect as EDI systems can be used by both buyers and sellers. C is partially correct as EDI systems did originally evolve from private trading exchanges, but they have since become more widely used across industries. D is incorrect as EDI systems are primarily used for B2B commerce and not B2C.

Question 4

EDI began as a(n)________ system.

Accepted Answer

The answer of EDI began as a(n)________ system.
...

Question 5

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

Accepted Answer

A vertical market is one that focuses on a specific industry or market niche, such as automobiles, and provides products, services, and expertise tailored to the needs of that industry. This is in contrast to a horizontal market, which serves a broader range of industries or consumers. Indirect and buyer-biased are not relevant terms in describing a market's focus.

Question 6

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

Accepted Answer

PTX stands for Private Trading eXchange, which is another name for a private industrial network. Industry consortia refer to a group of companies within a specific industry working together towards a common goal. EDI systems and net marketplaces are different types of electronic commerce platforms.

Question 7

Which of the following statements is not true?

Accepted Answer

VWGroupSupply.com is not an industry consortium, but rather a procurement platform developed by the Volkswagen Group for its suppliers.

Question 8

B2B e-commerce Web sites:

Accepted Answer

B2B e-commerce Web sites tend to serve horizontal markets, meaning that they are not specific to any particular industry.

Question 9

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

Accepted Answer

While technology, globalization and wage disparity have all played a role in the development of outsourcing of manufacturing around the world, environmental concerns have not been a significant factor. In fact, outsourcing manufacturing to countries with weaker environmental regulations can lead to increased pollution and environmental degradation.

Question 10

Which of the following is the fastest growing form of B2B e-commerce?

Accepted Answer

Private industrial networks have been identified as the fastest growing form of B2B e-commerce as they allow businesses to collaboratively manage their supply chain activities, share information and reduce costs. This form of e-commerce is characterized by a closed and restricted platform for a specific industry, ensuring security and exclusivity of the network.

Question 11

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

Accepted Answer

This statement is not entirely accurate. While it is true that small and medium-sized businesses may have a harder time implementing EDI systems due to the cost and complexity, many large firms still use EDI as a way to efficiently exchange business documents with their partners and suppliers.

Question 12

In 2015, the total amount of B2B e-commerce in the United States was approximately:

Accepted Answer

In 2015, the total amount of B2B e-commerce in the United States was approximately $6.3 trillion, reflecting the significant scale of business transactions conducted online.

Question 13

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

Accepted Answer

Supply chain refers to the links that connect business firms with one another to coordinate production. B) B2B e-commerce refers to online transactions between businesses, but does not necessarily involve coordination of production. C) Vertical market refers to a group of businesses that serve a specific industry or type of customer, and D) horizontal market refers to a group of businesses that offer similar products or services. Both of these terms are not specific to the coordination of production between firms.

Question 14

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

Accepted Answer

Increased product cycle time is not a benefit of B2B e-commerce but rather an undesirable outcome as it refers to the time taken by a product to go from ideation to market. B2B e-commerce, on the other hand, can help reduce product cycle time through streamlined communication and collaboration among supply chain partners. The other benefits listed, including increased production flexibility, opportunities for collaboration, and increased visibility, are all potential benefits of B2B e-commerce.

Question 15

Automated order entry systems:

Accepted Answer

Automated order entry systems typically show goods from a single seller, allowing for streamlined purchasing from a preferred supplier. Option B is incorrect, as automated order entry systems should help decrease the costs of inventory replenishment. Option C is incorrect, as these systems can be owned by either the purchasing firm or the seller. Option D is incorrect, as automated order entry systems still play an important role in B2B commerce.

Question 16

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

Accepted Answer

Net marketplaces bring multiple suppliers into an Internet-based environment to conduct trade. Industry consortia are groups of companies that come together to work on common industry issues. Exchanges and horizontal markets can involve multiple buyers and sellers but may not necessarily focus on bringing suppliers into a single platform.

Question 17

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

Accepted Answer

The answer of Which of the following was the first...

Question 18

Analysts predict that B2B e-commerce in the United States will grow by 2019 to approximately:

Accepted Answer

The answer of Analysts predict that B2B e-commerce in the...

Question 19

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

Accepted Answer

Supply chain competition refers to using superior supply chain management to differentiate a firm's products or prices from its competitors. This can involve better inventory management, faster delivery times, or more efficient sourcing strategies, among other factors. By optimizing their supply chain, firms can gain a competitive edge in a crowded marketplace, attracting more customers and outperforming their rivals.

Question 20

Why is B2B e-commerce seen as such a potential source of great profit for successful B2B firms?

Accepted Answer

The answer of Why is B2B e-commerce seen as such...

Quiz 12: B2b E-Commerce: Supply Chain Management and Collaborative Commerce

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

B2B e-commerce Web sites tend to serve horizontal markets.

Which of the following statements about EDI systems is true?

EDI began as a(n) ________ system.

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

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

Which of the following statements is not true?

B2B e-commerce Web sites:

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

Which of the following is the fastest growing form of B2B e-commerce?

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

In 2015, the total amount of B2B e-commerce in the United States was approximately:

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

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

Automated order entry systems:

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

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

Analysts predict that B2B e-commerce in the United States will grow by 2019 to approximately:

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

Why is B2B e-commerce seen as such a potential source of great profit for successful B2B firms?