BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Serving customers oriented to consumers
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exchange, purchase, and auction over the Internet, in which users sell goods to each other.
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A online commerce business occurs when consumers sell goods or services to businesses
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This business model takes place when one company buys goods or services online from another bus
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Detailed explanation-1: -Business-to-business (B2B) is a transaction or business conducted between one business and another, such as a wholesaler and retailer. B2B transactions tend to happen in the supply chain, where one company will purchase raw materials from another to be used in the manufacturing process.
Detailed explanation-2: -Business-to-business, or B2B, refers to commerce between two businesses rather than between a business and an individual consumer. Transactions at the wholesale level are usually business-to-business, while those at the retail level are most often business-to-consumer (B2C).
Detailed explanation-3: -As a business model, B2B differs significantly from B2C, where businesses sell directly to consumers. B2B ecommerce involves transactions between a manufacturer and wholesaler, or a wholesaler and a retailer, through an online sales portal. B2B ecommerce is one of the fastest-growing sales models.
Detailed explanation-4: -B2B sales consist of selling products or services to another business. An example of this is when a business purchase software from another business.