The Two Main Types of E-Commerce Are

question 108

Multiple Choice

The two main types of e-commerce are:

• A)M2M and M2N.
• B)B2B and B2C.
• C)online and offline.
• D)wholesale and retail.

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Definitions:

Inelastic

Describes a situation where a change in price leads to a relatively small change in the quantity demanded or supplied.

Market Efficiency

A scenario where all existing information is entirely accounted for in the prices of assets, rendering it impossible to consistently outperform the market average in terms of returns.

Government

An organized system that establishes rules and regulations, governs, and provides services to its constituents.

Taxes

Essential fees levied by authorities on personal and corporate income, or added onto the costs of selected merchandise, services, and operations.