What is the business-to-business (B2B) online purchase and sale of supplies and services?

A. Software customization
B. Eprocurement
C. Elogistics
D. Data integration


Answer: B

Business

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The law firm of Smith, Brown, and Jones has just held a meeting in which the three partners decided that all fees charged by each of them will be $500 per hour with no exceptions. They also set nonnegotiable fees for such things as preparation of wills, real estate settlements, and other types of standard cases. In this scenario, Smith, Brown, and Jones

A. are guilty of price discrimination under the Robinson-Patman Act. B. are guilty of vertical price-fixing under the Sherman Act. C. have broken no laws. D. are guilty of horizontal price-fixing under the Sherman Act.

Business

Which of the following currently owns a 70 percent stake in Skoda, the Czech automaker?

A) GM B) Volkswagen C) Ford D) DaimlerChrysler E) Renault

Business

The ________ model of corporate social responsibility (CSR) holds that the firm should be managed for the sole benefit of stockholders.

Fill in the blank(s) with the appropriate word(s).

Business

Direct selling involves _____

a. personal contact with consumers in their homes and a consumer's ordering via mail, phone, fax, or computer b. nonpersonal media and a consumer's ordering via mail, phone, fax, or computer c. personal contact with consumers in their homes and phone solicitations initiated by a retailer d. nonpersonal media and phone solicitations initiated by a retailer

Business