EBK MANAGEMENT INFORMATION SYSTEMS
EBK MANAGEMENT INFORMATION SYSTEMS
16th Edition
ISBN: 9780135192047
Author: LAUDON
Publisher: VST
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Chapter 10, Problem 4RQ

Explanation of Solution

 E-commerce affecting business-to-business transaction:

  • The process of organizing trade among business firms is complex and need large human intervention. So, it consumes important resources.
  • Business-to-business transaction through e-commerce includes allowing the companies, placing of orders, beg offers and tracking of delivery electronically...

Explanation of Solution

Internet technology supporting business-to-business electronic commerce:

  • Business-to-business transactions can happen through a company website and net marketplace.
  • Websites make it easier to retail and purchase the goods directly or indirectly over the internet...

Explanation of Solution

Net marketplaces:

  • Net marketplace combines many retailers and purchasers into a single digital marketplace activated over the internet.
  • It is also called as exchange or hub.

Difference between net marketplaces and private industrial networks:

Private industrial network is the largest form of business-to-business electronic commerce.

Net marketplacesPrivate industrial networks
It combines thousands of seller and buyers into a single market place over the internet...

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