COMPUTER FUNDAMENTALS

COMPUTER APPLICATIONS

E COMMERCE AND E BUSINESS APPLICATIONS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Business-to-consumer (b2c) refers to commerce between a business and an individual consumer
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -B2C, short for “business-to-consumer”, is a commerce model between a business and an individual consumer. While B2C applies to any type of direct-to-consumer selling, it has come to be associated with running an online store, also known as ecommerce or etailing.

Detailed explanation-2: -The term business-to-consumer (B2C) refers to the process of selling products and services directly between a business and consumers who are the end-users of its products or services. Most companies that sell directly to consumers can be referred to as B2C companies.

Detailed explanation-3: -Business-to-consumer (B2C) is the retail part of e-commerce on the internet. It is when businesses sell products, services or information directly to consumers. The term was popular during the dot-com boom of the late 1990s, when online retailers and sellers of goods were a novelty.

Detailed explanation-4: -Business to business to consumer (B2B2C) is an e-commerce model that combines business to business (B2B) and business to consumer (B2C) for a complete product or service transaction. B2B2C is a collaboration process that, in theory, creates mutually beneficial service and product delivery channels.

There is 1 question to complete.