Match the Term with Its Definition

question 84

Multiple Choice

Match the term with its definition.
-Web-based businesses offering participants the ability to list products for consumer bidding

• A)auction sites
• B)brick-and-mortar facility
• C)business incubator
• D)business-to-business (B2B) model
• E)business-to-customer (B2C) model
• F)consumer-to-consumer (C2C) model
• G)content-based model
• H)disintermediation
• I)e-commerce
• J)general-purpose equipment
• K)home-based business
• L)information-based model
• M)special-purpose equipment
• N)transaction-based model
• O)zoning ordinances

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Definitions:

Net Sales

The total revenue from sales reduced by returns, allowances for damaged or missing goods, and discounts.

FOB Destination

A shipping term where the seller pays for transportation of the goods to the buyer's location, and ownership of the goods transfers upon delivery.

Shipping Charges

Shipping charges are fees associated with the transport of goods from one location to another, typically incurred by the seller or buyer in a transaction.

Perpetual Inventory System

An inventory management system where updates are made continuously as transactions occur, ensuring real-time accuracy of inventory records.