The Consumer-To-Business (C2B) E-Commerce Business Model Uses a Reverse Auction

question 2

True/False

The consumer-to-business (C2B) e-commerce business model uses a reverse auction process that allows consumers to make binding bids or offers for a product or service.

---

Definitions:

Variables

Elements, features, or factors that are likely to vary or change within the context of a scientific experiment or study.

Coefficient of Correlation

A numerical measure that captures the direction and degree of a linear relationship between two variables.

Relationship

A connection, association, or involvement between two or more individuals, which can be social, romantic, professional, or familial.

Falsifiability

A principle that for a theory to be considered scientific, it must be able to be proven false under potential observations or experiments.