Exam 5: B2b E-Commerce

Google's OpenSocial is a programming standard that lets developers create applications that can run on a wide range of social networking platforms,which may increase B2B social networking.

B2B services are completely replacing human agents in commercial real estate and travel industries.

The processing of existing date to identify useful information,such as trends and other relationships in the data,is referred to as ________.

List and briefly describe the four basic types of B2B transactions and activities.

With a(n)________,a company submits its surplus to the exchange and receives points of credit,which the company can then use to buy items that it needs.

The invitation to participate in reverse auctions is a form or document called a(n)________.

An example of a successful aggregation of suppliers' catalogs is that of ________,which aggregates more than 10,000 items from the catalogs of approved suppliers into an internal electronic catalog.

Strategic sourcing purchases involve long-term contracts that usually are based on private negotiations between sellers and buyers.

________ are markets that deal with one industry or industry segment such as steel or chemicals.

MRO,which stands for "maintenance,repair,and operation," refers to indirect or nonproduction materials that support the production process.

All of the following are true of dynamic pricing except:

Two examples of direct materials for a food processing company are computers and communication devices.

EC companies will usually separate their B2C orders from their B2B orders because B2C and B2B orders have different:

A subset of third-party exchanges is a(n)________,an exchange formed and operated by a group of major companies in one industry.

Portsmouth Hospitals NHS Trust,which provided health-care services for almost 1 million people in the United Kingdom,cut back-office purchasing costs by:

The availability of a secure broadband Internet platform is one of the key drivers of B2B EC.

In company-centric marketplaces,the individual company has very little control over who participates in selling or buying transactions.

E-marketplace exchanges are usually owned and run by a third party or by a consortium.

Spot buying refers to the purchasing of goods and services according to a schedule,usually at prevailing market prices that are determined by supply and demand.

Several benefits of Microsoft's ________ are that distributors can check inventory,make transactions,and look up the status of their orders,significantly reducing the number of phone calls,e-mails,and incorrect product shipments.