INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A business that sells goods directly to consumers on the Internet is a ____
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Service business
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Manufacturing business
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Wholesaling business
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Retailing business
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Explanation:
Detailed explanation-1: -B2C typically refers to online retailers who sell products and services to consumers through the internet.
Detailed explanation-2: -Direct-to-consumer retail refers to a retail model in which brand manufacturers sell their products straight to the customer-whether that’s an individual consumer or another retailer-thereby eliminating the need for retail distributors.
Detailed explanation-3: -E-retail, also known as e-tail, internet retail or online retail, stands for electronic retail. In e-retail, a business or individual sells retail products and services through online stores. An e-retail company can be a purely digital presence, meaning there is no physical store for a customer to enter.
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