Since GE Began Accepting Bids Via the Internet,the Length of the Bidding

question 146

Multiple Choice

Since GE began accepting bids via the Internet,the length of the bidding process in GE's lighting division has been reduced from 21 days to 10.Since requesting the bids is easier,purchasing agents approach more potential vendors.The ability to locate more vendors has lowered the cost of goods by 5 to 15 percent.GE's experience illustrates:

• A) how using the Internet decreases competition
• B) how business marketing is becoming global
• C) how business marketing is using the Internet to become more efficient
• D) how the use of the Internet has influenced consumer markets to become larger and more powerful than business markets
• E) how the Internet increases efficiency in data exchange

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Definitions:

Control Group

In experimental research, the group of subjects not exposed to the treatment, used as a baseline to compare with the treatment group.

Caffeine

A stimulant drug found in coffee, tea, and certain soft drinks, known to increase alertness.

Reaction Time

The interval between the presentation of a stimulus and the initiation of the response to that stimulus.

Synaptic Gaps

Tiny spaces between neurons across which neurotransmitters pass to facilitate neural communication.