Internet-Based Commerce Is Called _________________________ and Includes Two Main Sectors

question 56

Essay

Internet-based commerce is called _________________________ and includes two main sectors: B2C (business-to-consumer) and B2B (business-to-business).

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Definitions:

Open-End Credit

A revolving line of credit that allows borrowers to spend up to a specified limit, pay off the debt, and borrow again without having to reapply for a new loan.

Detailed Disclosure

Detailed disclosure refers to the comprehensive provision of information relevant to a decision, transaction, or agreement, often required by law or regulations in financial and other formal contexts.

Debit Card Applications

Debit card applications are forms or processes by which individuals apply for cards that allow them to spend money by deducting directly from their bank accounts.

Magnuson-Moss Warranty Act

A federal law that governs warranties on consumer products, aiming to ensure that warranties are clearly and comprehensively presented to consumers.