Which of the Following Statements Is True About Electronic Commerce

question 91

Multiple Choice

Which of the following statements is true about electronic commerce?

• A) Business-to-business electronic commerce is by far the largest form of electronic commerce in terms of revenues.
• B) Electronic commerce is limited to transactions between businesses and consumers.
• C) Electronic commerce between businesses and their employees is impossible.
• D) All forms of electronic commerce involve business firms.
• E) Consumer-to-consumer electronic commerce is a complete reversal of the traditional business-to-consumer electronic commerce.

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Definitions:

Net Operating Income

A company's income after operational expenses have been deducted but before taxes and interest are considered.

Milling Machine Minutes

A measure of manufacturing time that represents the total minutes a milling machine is engaged in production.

Monthly Demand

The total quantity of a product or service that consumers are willing and able to purchase in a month.

Selling Price

The amount a buyer pays to purchase a product, determined by cost, market demand, and competition.