Which of the Following Represents Businesses Buying from and Selling

question 6

Multiple Choice

Which of the following represents businesses buying from and selling to each other over the Internet?

• A) B2B
• B) B2C
• C) C2B
• D) C2C
• This is the definition of B2B.

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Definitions:

GDP

Gross Domestic Product, a measure of the economic performance of a country, assessing the total value of all goods and services produced over a specific time period.

Research and Development

Refers to the activities that companies undertake to innovate and introduce new products or services.

Commercial Introduction

This refers to the process of bringing a new product or service to the market, focusing on strategies for marketing, distribution, and sales.

Innovation

The introduction of new ideas, methods, or products, which is a key driver of economic growth and productivity improvements.