1. In the context of business-to-business marketplaces, the term ________ refer to the markets that comprise of firms operating within a certain industry sector.

1) horizontal markets

2) market paradigms

3) market segmentations

4) share markets

5) vertical markets

2. Which of the following statements is true about supply chain management (SCM)?

1) SCM systems are great standalone systems, but cannot be integrated with an ERP system.

2) SCM systems are often integrated with legacy systems.

3) SCM systems cannot automate the supply chain.

4) SCM systems are used to improve business processes that span organizational boundaries.

5) SCM systems are used by mostly smaller organizations.