GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Green
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Wholesale
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Retail
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Social
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Detailed explanation-1: -Resellers are companies that sell goods and services produced by other firms without materially changing them. They include wholesalers, brokers, and retailers. Walmart and Target are two big retailers you are familiar with. Large wholesalers, brokers, and retailers have a great deal of market power.
Detailed explanation-2: -Today, commerce commonly refers to the large-scale purchases and sales of goods and services. Commerce is a subset of business that focuses on the distribution of goods. Selling a single item is a transaction. All transactions are collectively called commerce.
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.