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:

Price Elasticity Of Supply

The percentage change in quantity supplied, divided by the percentage change in the price that caused the change in quantity supplied.

Immobile Factor

Refers to a factor of production that cannot easily be moved from one place to another, such as land or a fixed installation.

Supply Of Resource

The total amount of a commodity, product, or service available for use, sale, or distribution.

Oil

A fossil fuel used primarily for energy production and as a raw material in the manufacture of plastics and other important chemicals.