A Mark of the Improved Market Efficiency of E-Commerce Is

question 40

Multiple Choice

A mark of the improved market efficiency of e-commerce is that it often leads to ________,which is the elimination of the middle layers in the supply chain.

• A)a bullwhip effect
• B)disintermediation
• C)mashups
• D)price elasticity

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Definitions:

Supply Chain

The network of all the individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and ultimately to the end-user.

Horizontal Collaboration

A strategic partnership between firms at the same level in the supply chain, aimed at improving efficiency or gaining market advantage.

3PLs to 3PLs

The interaction or service exchange between third-party logistics providers, often to leverage each other's resources or networks.

Buyer to Buyer

A transaction or interaction that occurs directly between buyers, typically in a marketplace setting without intermediary sellers.