An Internet Distributor of Office Supplies Has a System of Bidding

question 2

Multiple Choice

An Internet distributor of office supplies has a system of bidding and awarding contracts online for customer purchases. This is most likely a ____ model.

• A) B2B
• B) C2C
• C) B2C
• D) C2B
• E) cross-functional

Explain the characteristics and functions of formal and informal communication networks.

Identify the role of communication in team dynamics and virtual teams.

Understand the impact of diversity and cultural aspects on communication.

Recognize the importance of communication technologies and social media in organizational settings.

---

Definitions:

Perfect Market System

A market structure characterized by an ideal scenario where there are many buyers and sellers, all having perfect information and no transaction costs, leading to efficient pricing.

Utility Function

A mathematical representation that describes the level of satisfaction or happiness that a consumer derives from consuming a set of goods and services.

Consumption

The act of using goods and services to satisfy needs or desires.

Price

The financial valuation expected, obligatory, or handed in exchange for something.