B2B Auctions Are E-Commerce Sites Where Multiple Buyers and Sellers

question 85

True/False

B2B auctions are e-commerce sites where multiple buyers and sellers go to find and do business with one another.

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Definitions:

Marginal Revenue

The additional income gained from selling one more unit of a good or service.

Prefabricated Garages

Garages that are manufactured in sections off-site and then assembled on-site, providing a quick and often cost-effective building solution.

Sales Schedule

A detailed plan that outlines the expected timing and quantity of sales of a product or service.

Price Makers

Firms that possess the power to set the price of a good or service because of a lack of competition or the unique nature of the product.