Regarding E-Commerce Web Site Resources

question 212

Multiple Choice

Regarding e-commerce Web site resources:

• A) Purchasing specifications are commonly used online to describe what a firm wants to buy.
• B) Online auction sites commonly operate for the benefit of sellers.
• C) Competitive bidding systems commonly drive down prices at procurement hubs.
• D) Online reverse auctions sites commonly operate for the benefit of buyers.
• E) All of the above are true.

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Definitions:

Back Orders

Orders for goods or services that cannot be filled at the current time due to lack of supply.

Inventory Holding Cost

Expenses incurred from storing unsold goods or materials, including storage costs, insurance, deterioration, and obsolescence.

Overtime Cost

The additional expenses incurred by a company when workers work beyond their normal working hours, usually at a higher pay rate.

Stockout Cost

The cost incurred when inventory is not sufficient to meet demand, potentially leading to lost sales and customer dissatisfaction.