E-Commerce Refers to

question 101

Multiple Choice

E-commerce refers to

• A)B2B models of doing business.
• B)the facilitation of business by making initial contact by electronic means.
• C)the buying and selling of products or services over the Internet
• D)a form of business that involves online trades and auctions.

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Definitions:

Trading Partner

An entity or country that engages in commerce or trade with another, often under agreed terms or through treaties.

Held Up

Delayed or stopped by something or someone, causing a pause in progress or movement.

Average Variable Costs

The total variable costs (costs that change with output level) divided by the quantity of output produced.

Average Costs

The total cost of production divided by the number of goods produced, a measure of cost efficiency.