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

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Definitions:

Economic Consequences

The outcomes or effects that economic decisions or policies have on an economy.

Anticipate The Future

The act or strategy of making decisions or preparations based on forecasts or predictions about future conditions or needs.

Creative Destruction

Creative destruction is an economic theory proposed by Joseph Schumpeter, describing the process through which old economic structures are destroyed and replaced by new, more efficient ones.

Cassette Tapes

A medium used for recording sound, particularly music, now largely obsolete, replaced by digital storage formats.