Web Development and Design Foundations with HTML5 (8th Edition)
Web Development and Design Foundations with HTML5 (8th Edition)
8th Edition
ISBN: 9780134322759
Author: Terry Felke-Morris
Publisher: PEARSON
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Chapter 12, Problem 1MC
Program Description Answer

The B2C (Business-to-Consumer) e-commerce business model is an online exchange or transaction of information or services conducted directly between a company and consumers.

Hence, the correct answer is option “C”.

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Explanation of Solution

Business-to-Consumer Business Model:

  • B2C is the acronym for Business-to-Consumer business model.
  • The B2C e-commerce business model is an online exchange or transaction of information or services conducted directly between a company and consumers.
  • Most of the B2C selling takes place at the online stores.
  • An example of online B2C model is Amazon.com (http://www.amazon.com) and that of a traditional B2C business model is Sears (http://www.sears.com).

Explanation for incorrect options:

B2B:

B2B is the acronym of Business-to-Business business model. The B2B e-commerce business model is an online exchange or transaction of information or services conducted directly between two companies.

Hence, the option “A” is wrong.

BTC:

The B2C (Business-To-Consumer) e-commerce business model is an online exchange or transaction of information or services conducted directly between a company and consumers.

Hence, the option “B” is wrong.

C2B:

The C2B (Consumer-To-Business) is a business model where the consumer or end-user makes products or services that are consumed by the businesses.

Hence, the option “D” is wrong.

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Business-to-consumer (B2C) model applies to businesses that sell products or services directly to consumers online. Following are the forms of B2C operations, except: Group of answer choices: a. click-and-mortar business b. pure-play (virtual) business c. pure-click business d. brick-and-mortar business
Q1) what are the features of E-commerce? Q2) difference between E-commerce and Traditional Commerce? Q3) what are the e-commerce advantages to the organization? Q4) what are the different e-commerce business models? Q5) Explain the technical disadvantages of e-commerce? Q6) Tell us which different sector e-commerce applications are available in the market? Q7) what are the shortcomings of e-commerce? Q8) what are the key elements of supply chain management? Q9) How Does Dutch, first price, second price, Mth price auction, Auction Work?
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