Companies Exclusively Using Business-To-Consumer (B2C)applications

question 102

Multiple Choice

Companies exclusively using business-to-consumer (B2C) applications:

• A)sell directly to consumers.
• B)rely on physical storefronts for customer interactions.
• C)approach customers through third-party agents.
• D)focus on using personalized physical stores to serve consumers.

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Definitions:

Inferior Good

A type of good for which demand decreases as the income of the consumer increases, opposite to a normal good.

Normal Good

A type of good for which demand increases as the income of individuals increases, indicating a direct relationship between income and demand.

Demand-Increasing Factor

Elements or conditions that lead to an increase in demand for a product or service, such as a rise in consumer income or a change in tastes.