Chaptr 4 exe.docVIP

Chapter 4 B2B E-Commerce Review Questions Define B2B. Business-to-business e-commerce refers to transactions between businesses conducted electronically over the Internet, extranets, intranets, or private networks. Discuss the following: spot buying versus strategic sourcing, direct materials versus indirect materials, and vertical markets versus horizontal markets. Spot buying is the purchase of goods and services as they are needed, usually at prevailing market prices. In contrast, strategic sourcing is the purchase of goods and services involving long-term contracts that are usuall