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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Virtual Community
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Content Provider
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Whole of Enterprise
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Direct to Consumer
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Detailed explanation-1: -B2C business-to-consumer ecommerce, also called retail ecommerce, is a business model that involves sales between online businesses and consumers. B2C ecommerce is one of four major ecommerce business models, the other three being B2B (business-to-business), C2B (consumer-to-business), and C2C (consumer-to-consumer).
Detailed explanation-2: -C2B (Consumer-to-business). The C2B ecommerce model’s competitive edge is in pricing for goods and services. This approach gives consumers the power to name their prices or have businesses directly compete to meet their needs.
Detailed explanation-3: -Business to Consumer (B2C) is defined as the e-commerce model that involves the sale of goods or services from businesses to the general public.