The Emergence of the Web as a Global Medium for Information

question 9

Multiple Choice

The emergence of the web as a global medium for information exchange has made it an important vehicle for both business-to-business (B2B) and____________ .

• A)consumer-to-consumer (C2C) commerce
• B)business-to-consumer (B2C) commerce
• C)business-to-government (B2G) commerce
• D)business-to-carrier (B2C) commerce

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Definitions:

Zero Price

A scenario where a good or service is offered at no cost to the consumer, potentially to stimulate demand or offer a benefit.

Product Markets

Markets where final goods and services are bought and sold, contrasting with markets for inputs used in production, like labor and raw materials.

Services

Intangible products such as education, healthcare, and entertainment, provided and consumed at the same time, contributing to an economy's output.

Scarce Resources

Scarce resources are materials, goods, or services that are limited in availability relative to the desires or demands of human beings.