An E-Business That Runs an Online Forward Auction Is Following

question 74

True/False

An e-business that runs an online forward auction is following the B2C e-business model.

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Definitions:

Markdown Percentage

The reduction in the selling price of goods, expressed as a percentage of the original price, usually to clear inventory or stimulate sales.

Average Transaction Size

The average amount spent by customers in a single transaction or purchase.

Transactions Per Customer

A metric that measures the average number of purchases made by a customer over a given period of time.

Community Shopping Center

A type of retail complex that offers a broad range of goods and services, designed to serve the needs of the local community.