Exam CSCP Topic 5 Question 213 Discussion
Actual exam question for APICS's CSCP exam
Question #: 213
Topic #: 5
Question #: 213
Topic #: 5
An insurance broker is interested in increasing price competition among its carriers. Which of the following strategies would be an efficient way to enable the price reductions?
Suggested Answer: B Vote an answer
Utilizing B2B e-marketplaces can increase price competition among carriers by providing a platform for multiple carriers to bid for business. This transparency fosters a competitive environment, as carriers are aware of their competitors' offers and are incentivized to provide more attractive rates and terms to win contracts.
E-marketplaces also streamline the procurement process, reduce administrative costs, and enhance market efficiency.References:
* "The Role of B2B Marketplaces in Supply Chain Optimization," Gartner.
* "Increasing Price Competition Through B2B Platforms," Journal of Business Logistics.
E-marketplaces also streamline the procurement process, reduce administrative costs, and enhance market efficiency.References:
* "The Role of B2B Marketplaces in Supply Chain Optimization," Gartner.
* "Increasing Price Competition Through B2B Platforms," Journal of Business Logistics.
by Bevis at Jun 25, 2026, 08:59 AM
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