Online Auctions Are an Example of the ____ Business Model

question 36

Multiple Choice

Online auctions are an example of the ____ business model.

• A) consumer-to-consumer
• B) business-to-consumer
• C) business-to-business
• D) consumer-to-business

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Definitions:

Location

The geographical place or position where something is situated or occurs.

Small Business Owner

An individual who owns and operates a business of small size, defined by revenue, assets, or number of employees.

Middleman Intermediaries

Entities that facilitate transactions between buyers and sellers by acting as a link, often helping in the distribution or selling of goods and services.

Functions

are fundamental operations or activities that are carried out within an organization in order to achieve its objectives.