Which Source of E-Commerce Revenues Has Grown from Nearly Zero

question 58

Multiple Choice

Which source of e-commerce revenues has grown from nearly zero prior to 2007 to an estimated $84 billion in 2014?

• A) B2G e-commerce
• B) mobile B2C e-commerce
• C) B2B e-commerce
• D) social e-commerce

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Definitions:

Quantity Supplied

The quantity of a product that suppliers are ready and capable of offering for sale at a certain price during a defined timeframe.

Equilibrium Quantity

The quantity of goods or services supplied that is exactly equal to the quantity demanded at the market equilibrium price.

Supply Decrease

A reduction in the quantity of a good or service that producers are willing and able to offer at any given price.

Demand Decrease

A situation where there is a reduction in the quantity of a good or service that consumers are willing and able to purchase at any given price.