In Which of the Following Business Models Do Businesses Request

question 70

Multiple Choice

In which of the following business models do businesses request quotes from suppliers and use B2B with a reverse auction mechanism?

• A)Find-the-best-price
• B)Electronic tendering system
• C)Name-your-own-price
• D)Online direct marketing
• E)Affiliate marketing

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Definitions:

Net Proceeds

The final amount of money received from a transaction after deducting all associated costs and expenses.

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service, typically a percentage of the sales or services sold.

Consignment

The process of providing goods to a third-party retailer who pays the supplier only for the merchandise sold, not for unsold inventory.

Total Gross Pay

The total amount of money earned by an employee before any deductions or taxes are applied.