Since GE began accepting bids via the Internet,the length of the bidding process in GE's lighting division has been reduced from 21 days to 10.Since requesting the bids is easier,purchasing agents approach more potential vendors.The ability to locate more vendors has lowered the cost of goods by 5 to 15 percent.What does GE's experience illustrate?
A) how the Internet increases efficiency in data exchange
B) how business marketing is using the Internet to become more efficient
C) how using the Internet increases competition
D) how the use of the Internet has influenced consumer markets to become larger and more powerful than business markets
Correct Answer:
Verified
Q1: Hensley Poultry is a wholesaler that buys
Q2: What are businesses that buy finished goods
Q3: A particular segment of the business market
Q4: A product is defined as a business
Q6: Which of the following is the best
Q7: What percentage of the entire Canadian workforce
Q8: What is an OEM?
A) an installer of
Q9: Ranjit works for the Government of Ontario
Q10: What does OEM stand for?
A) Original Equipment
Q11: What is a cooperative agreement between business
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents