The _________ Is a Widely Used Business Model in E-Commerce

question 83

Multiple Choice

The _________ is a widely used business model in e-commerce that refers to generating revenue from more than one source.

• A)merchant model
• B)brokerage model
• C)mixed model
• D)infomediary model​

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Definitions:

Fiat Money

Currency that a government has declared to be legal tender, but it is not backed by a physical commodity.

Intrinsic Value

The true, inherent, and perceived value of an asset, not necessarily reflected in its current market price.

Medium Of Exchange

is anything widely accepted as a means for payment of goods and services, facilitating trade by avoiding the limitations of barter.

Economic Efficiency

A state in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.