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Define E-Commerce

question 26

Essay

Define e-commerce. Provide examples to differentiate between the business-to-business (B2B)and business-to-customer (B2C)forms of trade and the goals of each.


Definitions:

Applied Overhead

Applied overhead refers to the portion of overhead costs allocated to specific products or departments based on estimated cost drivers.

Direct Material Cost

The expense of raw materials and components that are directly incorporated into a finished product.

Custom Machinery

Specialized equipment designed and built to meet unique production or operational requirements of a business.

Job Order Costing

An accounting method used to track costs and evaluate the profitability of individual jobs, suitable for companies that produce custom products or jobs.

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