What Is the Term for the Buying, Selling, and Servicing

question 125

Multiple Choice

What is the term for the buying, selling, and servicing of products over a network, usually the Internet?

• A) biz-netting
• B) E-commerce
• C) I-trading
• D) E-vending

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Definitions:

DOJ

The Department of Justice, a federal executive department of the U.S. government responsible for the enforcement of the law and administration of justice.

Concerted Action Requirement

A legal criterion necessitating a cooperative or joint effort among individuals or entities to achieve a particular outcome.

Conscious Parallelism

A situation where firms in an industry independently choose similar pricing, production, or marketing practices without explicit agreement.

Wholly Owned Subsidiaries

Companies fully controlled by another company, the parent company, because the parent company owns 100% of the subsidiary's shares.