Chapter 10, Problem 4RQ

Explanation of Solution

E-commerce affecting business-to-business transaction:

• The process of organizing trade among business firms is complex and need large human intervention. So, it consumes important resources.
• Business-to-business transaction through e-commerce contains allowing the companies, placing of orders, beg offers and tracking of delivery electronically...

Explanation of Solution

Internet technology supports in business-to-business transactions:

• Business-to-business can happen through a company website and net marketplace.
• Website make it easier to retailing and purchasing the goods by directly or indirectly over the internet...

Explanation of Solution

Net marketplaces:

• Net marketplace combines the many retailers and purchasers into a single digital marketplace activated over the internet.
• It is also called as exchanges or hubs.

Difference between net marketplaces and private industrial networks:

Private industrial network is the largest form of business-to-business electronic commerce.

Net marketplaces	Private industrial networks
It combines thousands of seller and buyers into a single market place over the internet...