MULTIMEDIA AND QUALITY OF SERVICE
MULTIMEDIA IN THE INTERNET
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Electronic Commerce allows business’ to sell products and services to consumers all over the globe. What does the acronym B2B refer to?
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boy to boy commerce
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black to black commerce
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business to business commerce
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buy to buy commerce
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Explanation:
Detailed explanation-1: -B2B (business-to-business), a type of electronic commerce (e-commerce), is the exchange of products, services or information between businesses, rather than between businesses and consumers (B2C).
Detailed explanation-2: -Business to Consumer (B2C) B2C ecommerce companies sell directly to the product end-user. Instead of distributing goods to an intermediary, a B2C company performs transactions with the consumer that will ultimately use the good.
Detailed explanation-3: -B2B stands for ‘business to business’ while B2C is ‘business to consumer’. B2B ecommerce utilises online platforms to sell products or services to other businesses. B2C ecommerce targets personal consumers.
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