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Question 1 of 40
__________ entail purchasing from an external provider on a contractual basis, spanning an extended period of time.
A. Market transactions
B. Alliances
C. Parent/subsidiary constellations
D. Long-term contracts
Question 2 of 40
Established management approaches and business procedures were considered to be inadequate for the Internet world, where “everything” had been turned upside down. To accommodate this change, e-business ventures were often staffed with young individuals, having an entrepreneurial drive, strong IT know-how, and analytical capabilities, yet often:
A. had a limited range of expertise.
B. lacked specialized know-how.
C. had little knowledge of the industry.
D. dealt with information scarcity related to the competition.
Question 3 of 40
__________ means a buyer lacks vital information about a seller because it does not know the track record of the seller, and vice versa.
A. Level of uncertainty
B. Information asymmetry
C. Differentiated awareness
D. Information scarcity
Question 4 of 40
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