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Answers|2025 Update| 100% Correct.
Electronic data interchange (EDI) ✔✔CORRECT ANSWERS✔✔A form of
computer-to-computer communications that enables sharing business
documents.
Electronic requests for quotes (eRFQs) ✔✔CORRECT ANSWERS✔✔An
electronic request for a quote on goods and services.
Electronic storefront ✔✔CORRECT ANSWERS✔✔online catalogs of
products made available to the general public by a single supplier
Exchanges ✔✔CORRECT ANSWERS✔✔Marketplaces that focus on spot
requirements of larger firms in a single industry
External Failure costs ✔✔CORRECT ANSWERS✔✔Costs associated with
failures that occur at the customer site.
Extranets ✔✔CORRECT ANSWERS✔✔intranets that are linked to the
internet so that suppliers and customers can be included in the system.
,Fitness for use ✔✔CORRECT ANSWERS✔✔How well the product
performs its intended purpose.
Flowchart ✔✔CORRECT ANSWERS✔✔A schematic of the sequence of
steps involved in a process.
Forward integration ✔✔CORRECT ANSWERS✔✔Owning or controlling
the channels of distributions
General warehouse ✔✔CORRECT ANSWERS✔✔used for long term
storage
Green supply chain management ✔✔CORRECT ANSWERS✔✔Focucses
on the role of the supply chain with regard to its impact on the
environment.
Advertising revenue model ✔✔CORRECT ANSWERS✔✔Provides users
with information on services and products and provides an opportunity
for suppliers to advertise
Affiliate revenue model ✔✔CORRECT ANSWERS✔✔Companies receive
a referral fee for directing business to an affiliate
, Appraisal cost ✔✔CORRECT ANSWERS✔✔The cost associated with
uncovering defects
Automated order entry systems ✔✔CORRECT ANSWERS✔✔A method
using telephone models to send digital orders to suppliers.
Backwards integration ✔✔CORRECT ANSWERS✔✔Owning or
controlling sources of raw materials and components.
Benchmarking ✔✔CORRECT ANSWERS✔✔Studying other companies
business practices for comparison.
Bullwhip effect ✔✔CORRECT ANSWERS✔✔Inaccurate or distorted
demand information created in the supply chain.
Business to Business commerce ✔✔CORRECT ANSWERS✔✔Businesses
buying and selling to other businesses.
Business to consumer commerce ✔✔CORRECT
ANSWERS✔✔Businesses selling to individual consumers.
Cause and effect diagrams ✔✔CORRECT ANSWERS✔✔A chart that
identifies potential causes of particular quality problems.