Which of the Following is Not One of the Major

question 38

Multiple Choice

Which of the following is not one of the major benefits of B2B for both buyers and sellers?

• A) expedites processing and reduces cycle time
• B) reduces procurement costs
• C) enables customized online catalogs with different prices for different customers
• D) increases opportunities for collaboration

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Definitions:

Technically-Skilled Workers

Employees who possess specialized technical skills, often relating to a specific field or technology, enabling them to perform complex tasks efficiently.

BRIC Country

Refers to Brazil, Russia, India, and China, which are four fast-growing developing economies with significant influence on global markets.

Contractual Agreements

Formal, legally binding agreements between two or more parties that specify the terms and conditions of their relationship or transaction.

Expanded Globally

refers to the process of a business extending its operations, products, or services beyond its original country, reaching international markets.