__________ entail purchasing from an external provider on a contractual basis, spanning an extended period of time. Question 1 of 40

__________ entail purchasing from an external provider on a contractual basis, spanning an extended period of time.
Question 1 of 40

__________ entail purchasing from an external provider on a contractual basis, spanning an extended period of time.

A. Market transactions

B. Alliances

C. Parent/subsidiary constellations

D. Long-term contracts

Question 2 of 40

Established management approaches and business procedures were considered to be inadequate for the Internet world, where “everything” had been turned upside down. To accommodate this change, e-business ventures were often staffed with young individuals, having an entrepreneurial drive, strong IT know-how, and analytical capabilities, yet often:

A. had a limited range of expertise.

B. lacked specialized know-how.

C. had little knowledge of the industry.

D. dealt with information scarcity related to the competition.

Question 3 of 40

__________ means a buyer lacks vital information about a seller because it does not know the track record of the seller, and vice versa.

A. Level of uncertainty

B. Information asymmetry

C. Differentiated awareness

D. Information scarcity

Question 4 of 40

Companies moving from the physical world into the online world can leverage the brand they have established with their customers. __________ is a critical issue in e-business, and it increases when customers can resort to face-to-face interaction in case of problems.

A. Brand equity

B. Trust

C. Differentiation

D. Cost leadership

Question 5 of 40

How __________ a product or service is determined by its degree of uniqueness vis-à-vis the competition.

A. well-positioned

B. scarce

C. differentiated

D. developed

Question 6 of 40

__________ sell manufacturing inputs through a systematic sourcing system. Goods sold through these are tailored specifically to meet the individual needs of the purchasing company.

A. Exchanges

B. Catalogue hubs

C. MRO hubs

D. Yield managers

Question 7 of 40

Disadvantages and risks that are associated with the introduction of e-procurement systems include all of the following EXCEPT:

A. supplier resistance.

B. organizational risk.

C. information required to make the purchasing decision.

D. technology risk.

Explanation & Answer

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