Business-To-Consumer (B2C)e-Commerce in the United States

question 61

Multiple Choice

Business-to-consumer (B2C) e-commerce in the United States:

• A)has grown at double-digit rates between 2010 and 2016.
• B)has less revenue than C2C e-commerce.
• C)now constitutes over 50% of the overall U.S.retail market.
• D)is growing more slowly as it confronts its own fundamental limitations.

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Definitions:

Saudi Arabia

A sovereign country in the Middle East, known for its vast oil reserves, which play a central role in its economy, and as the birthplace of Islam.

Price Of Oil

The cost per barrel of crude oil, influenced by factors such as supply, demand, geopolitical tensions, and production decisions by OPEC and non-OPEC countries.

Fast Food Chains

A series of restaurants offering quick service and a menu of fast food cuisine spread across multiple locations.

Cartels

Associations of independent businesses or countries that work together to control prices and limit competition within an industry or commodity market.