Which Type of Electronic Commerce Does Amazon Practice

question 15

Multiple Choice

Which type of electronic commerce does Amazon practice?

• A)Business-to-employee
• B)Consumer-to-consumer
• C)Consumer- to-business
• D)Business-to-consumer
• E)Employee-to-business

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Definitions:

Producer Surplus

The dissimilarity between the baseline price producers accept for a good or service and the actual price paid to them.

Upward-Sloping Supply Curve

Illustrates the principle that as the price of a good or service increases, producers are willing and able to supply more of it, reflecting a direct relationship between price and quantity supplied.

Upward-Sloping Supply Curve

A graphical representation showing that as the price of a good increases, producers are willing and able to supply more of it.

Total Surplus

The sum of consumer and producer surplus, representing the total net benefit to society from the production and consumption of goods and services.