Critical Thinking Questions Case 2-1 You Are Taking an Economics

question 63

Multiple Choice

Critical Thinking Questions Case 2-1 You are taking an economics class, as part of which you are studying the various types of e-commerce. As part of your research, you have learned that vending machines in Japan allow shoppers to hold their cell phones in front of the machine in order to make a purchase using the smartphone. Which of the following types of commerce does this exemplify?

• A) C2C
• B) B2B
• C) m-commerce
• D) C2B

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Definitions:

Poverty

The state of having insufficient financial resources to meet basic living expenses.

Brain Development

The process of growth and change in the brain's structure and function, crucial for cognitive, emotional, and physical abilities.

Cognition

The cognitive activity involved in gaining knowledge and comprehension via thinking, experiencing, and sensory perception.

Categorize

To arrange or classify items, individuals, or ideas into specified groups based on shared characteristics or qualities.