B2B E-Commerce Refers to Transactions Between Businesses That Are Conducted

question 7

True/False

B2B e-commerce refers to transactions between businesses that are conducted electronically over the public Internet only.

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Definitions:

Consumer Transactions

Purchases by individuals of goods or services for personal use and not for resale or for business purposes.

Implied Terms

Provisions not expressly stated in a contract but assumed to exist based on the nature of the agreement and the parties' intentions.

Contractual Claim

A contractual claim arises when one party alleges that another has failed to fulfill their obligations under a contract.

Retail Sale

The selling of goods or services from businesses directly to consumers.