Which of the Following Is LEAST Likely a Characteristic of Business-To-Business

question 102

Multiple Choice

Which of the following is LEAST likely a characteristic of business-to-business e-procurement?

• A) greater access to new suppliers
• B) lower purchasing costs
• C) quick order processing and delivery
• D) an increase in the derived demand
• E) less paperwork

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Definitions:

Profit

The financial gain achieved when the amount earned from selling goods or services exceeds the costs associated with production or procurement.

Speeding Ticket

A penalty issued by law enforcement to drivers exceeding the legal speed limit.

Revenue Per Mile

A financial metric often used in transportation and delivery industries to measure the amount of income generated per mile of operation.

Profit Maximization

The technique used by firms to pinpoint the price and amount of production that results in the largest profit.