COMPUTER APPLICATIONS
E COMMERCE AND E BUSINESS APPLICATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Architecture that is built on the Internet to service other businesses and is characterized by High-volume, Low-cost, long-term purchases made by vendors seeking goods and services for distribution and further marketing is the meaning of business-to-employees.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -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. Some estimates value the global B2B ecommerce market at over $12 trillion, taking up 13% of total B2B sales in the US.
Detailed explanation-2: -B2C stands for business-to-consumer, as in a transaction that takes place between a business and an individual as the end customer.
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