Question 1

B2B e-commerce systems originated with the Internet.

Accepted Answer

B2B e-commerce systems existed before the Internet, using technologies like Electronic Data Interchange (EDI) for electronic transactions between businesses.

Question 2

Collaborative commerce is primarily concerned with the development of a rich communications environment.

Accepted Answer

Collaborative commerce involves the effective exchange of information, ideas, and feedback between parties in a transaction. Therefore, the development of a rich communications environment plays a key role in facilitating collaborative commerce.

Question 3

VWGroupSupply.com is an example of an:
A)e-distributor.
B)e-procurement Net marketplace.
C)exchange.
D)industry consortium.

Accepted Answer

VWGroupSupply.com is a platform for e-procurement, allowing Volkswagen to source materials and services from suppliers. It is a B2B marketplace where Volkswagen can directly buy from suppliers, saving time and cost.

Question 4

Which of the following is not a current major trend in B2B e-commerce?
A)Large firms move toward consolidating regional B2B systems into global systems.
B)Over 60% of B2B firms use Twitter and other social networks to enable collaboration.
C)Firms place a growing emphasis on rapid-response and optimal supply chain rather than lowest-cost supply chains.
D)B2B systems move to data storage on cloud providers and away from individual corporate data centers.

Accepted Answer

The answer of Which of the following is not a...

Question 5

Industry consortia are usually owned collectively by the major firms participating in the consortia, while private industrial networks usually are created by a single sponsoring company.

Accepted Answer

Industry consortia are jointly owned by the participating firms, while private industrial networks are typically owned by a singular sponsoring company.

Question 6

E-distributors operate in horizontal markets.

Accepted Answer

E-distributors offer products or services that cut across different industries or sectors, making them horizontal in nature.

Question 7

Demand chain visibility is one goal of collaborative commerce.

Accepted Answer

Collaborative commerce aims to provide end-to-end visibility of the supply chain, including demand chain visibility, to all the partners involved in the process. This helps in better collaboration and decision-making, reducing risks, and improving efficiency.

Question 8

Walmart's global supply chain has been criticized for all of the following except:
A)exploiting labor in underdeveloped countries.
B)bribing officials.
C)wasting energy.
D)failing to be efficient.

Accepted Answer

The answer of Walmart's global supply chain has been criticized...

Question 9

Analysts predict that B2B e-commerce in the United States will grow by 2017 to approximately:
A)$6.6 billion.
B)$66 billion.
C)$660 billion.
D)$6.6 trillion.

Accepted Answer

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

Question 10

Private industrial networks typically involve manufacturing and related support industries.

Accepted Answer

Private industrial networks are created by manufacturing companies and their supporting industries in order to streamline their interactions and collaborations.

Question 11

Lean production is an extension of just-in-time production methods.

Accepted Answer

Lean production is focused on eliminating waste and maximizing efficiency, and is an extension of the just-in-time production concept.

Question 12

Industry consortia are more focused on optimizing short-term supply relationships than independent exchanges, which tend to focus more on long-term transactions.

Accepted Answer

Industry consortia tend to focus on more long-term relationships, whereas independent exchanges are designed for short-term transactions.

Question 13

In 2013, the total amount of B2B e-commerce in the United States was approximately:
A)$4.7 billion.
B)$47 billion.
C)$470 billion.
D)$4.7 trillion.

Accepted Answer

In 2013, the total amount of B2B e-commerce in the United States was approximately $4.7 trillion, reflecting the significant scale of business transactions conducted online.

Question 14

MRO goods are also known as indirect goods.

Accepted Answer

MRO goods refer to Maintenance, Repair and Operations goods, which are indirect goods used in the production process but do not become part of the final product.

Question 15

Virtually all firms, both large and small, now use Electronic Data Interchange (EDI)systems.

Accepted Answer

Not all firms use EDI systems; adoption varies based on industry, size, and technological capability.

Question 16

Walmart has one of the most efficient B2B supply chains in the world.

Accepted Answer

Walmart is known for its highly efficient and effective supply chain management system in the retail industry. The company has invested heavily in technology and processes to optimise its supply chain and ensure timely delivery of products to its customers. Through its B2B supply chain, Walmart has been able to establish strong partnerships with suppliers, distributors, and other stakeholders to ensure its success in the market. As a result, the company has been able to maintain its position as one of the largest retailers in the world.

Question 17

Independent exchanges are the fastest growing form of online B2B e-commerce.

Accepted Answer

Independent exchanges are not necessarily the fastest growing form of online B2B e-commerce; growth can vary by industry and market conditions. Other models like private exchanges or consortia may also experience significant growth.

Question 18

Private industrial networks are the most prevalent form of Internet-based B2B commerce.

Accepted Answer

Private industrial networks (PINs) refer to web-based platforms that companies use to connect and transact with their suppliers, customers, and partners. According to various studies, PINs are the most common form of internet-based business-to-business (B2B) commerce, facilitating transactions worth billions of dollars annually. Hence, the statement is true.

Question 19

An exchange is an independently owned online marketplace that connects many suppliers and buyers.

Accepted Answer

An exchange is indeed an independently owned online marketplace that connects many suppliers and buyers.

Question 20

Regional supply chains provide lower short-term costs, but higher, longer-term risk protection.

Accepted Answer

The answer of Regional supply chains provide lower short-term costs,...

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