Which of the Following Occurs When One Consumer Sells Directly

question 15

Multiple Choice

Which of the following occurs when one consumer sells directly to another consumer, such as in an online auction?

• A) consumer-to-business (C2B) e-commerce
• B) business-to-consumer (B2C) e-commerce
• C) consumer-to-consumer (C2C) e-commerce
• D) business-to-business (B2B) e-commerce

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Definitions:

Self-control Problems

Difficulties individuals face in resisting temptation or impulsivity, often impacting long-term goals for instant gratification.

Poor Information

Refers to scenarios where the data available for decision making is inadequate, inaccurate, or misleading.

Overall Set

The complete or total collection of elements, items, or objects under consideration.

Anchoring

The tendency people have to unconsciously base, or “anchor,” the valuation of an item they are currently thinking about on recently considered but logically irrelevant information.