You Are Taking an Economics Class, as Part of Which

question 74

Multiple Choice

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've learned about the flourishing business in online auctions, in which an individual user bids on something being sold by another person.Which of the following types of commerce does this exemplify?

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

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Definitions:

Gross Profit Percentage

A financial metric that represents the proportion of money left over from revenues after accounting for the cost of goods sold, expressed as a percentage.

Discounts

A deduction from the usual cost of something, often provided as a promotion or to certain groups like students or veterans.

Taxable

Pertaining to income or transactions that are subject to tax by the relevant tax authority.

Municipal Bonds

Municipal Bonds are debt securities issued by municipalities to finance public projects, often offering tax-exempt interest payments to the investors.