Which of the Following Statements About B2B Commerce Is Not

question 33

Multiple Choice

Which of the following statements about B2B commerce is not True?

• A) Eighty percent of online B2B e-commerce is still based on EDI.
• B) B2B e-commerce represents approximately three-quarters of the overall B2B marketplace.
• C) B2B e-commerce only includes commercial transactions between firms.
• D) B2B e-commerce revenues in 2009 were over $3 trillion.

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Definitions:

Beer

An alcoholic beverage made from fermentation of cereal grains, commonly barley, with hops for flavoring.

Price

The price to be paid to secure a good, service, or asset.

Leftover Income

Leftover Income refers to the amount of income remaining after all expenses and taxes have been paid.

Budget Constraint

An economic model that represents all the combinations of goods and services a consumer can afford given their income and the prices of goods.