question 1a explain the term e-procurement and, Business Management

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question 1a explain the term e-procurement and

QUESTION 1

(a) Explain the term e-procurement and asses the pros and cons of e-procurement.

(b) What are the challenges that may be faced in implementing e-procurement in the public sector?

QUESTION 2

(a) An e-auction can be considered as an electronic commerce market mechanism. Describe the four major categories of dynamic pricing that are undertaken.

(b) Enumerate the benefits that e-auctions bring to e-auctioneers.

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