In Which of the Following Forms of Electronic Commerce Do

question 277

Multiple Choice

In which of the following forms of electronic commerce do suppliers attempt to offer the lowest price to buyers?

• A) Dutch auction
• B) Reverse auction
• C) Business-to-business commerce (B2B)
• D) Business-to-consumer sales (B2C)

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Definitions:

Retain Loyal Customers

Strategies or practices aimed at keeping customers who repeatedly buy or use a brand's products or services.

Profit Margins

The percentage of revenue that remains as profit after all expenses have been deducted from total sales.

Performance Risk

The potential for a purchased product or service to fail to meet expected performance levels, causing the buyer dissatisfaction.

Gas Mileage

A measurement of how many miles a vehicle can travel on a gallon of fuel, indicating its fuel efficiency.