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John and Jenny have been saving for two years to take their six children on a vacation to Disneyworld. They are surprised to find out that airline tickets are far more expensive than they had anticipated. They decide to try to find cheaper tickets on Priceline where they are allowed to set their own price they are willing to pay for the airline tickets. What form of ebusiness model are John and Jenny using?
Factoring
A financial transaction where a business sells its accounts receivable to a third party at a discount to raise immediate capital.
Inventory
A company's stock of the products available for sale to customers, as well as raw materials and work-in-progress that will eventually become finished goods.
Accounts Receivable
Funds that are due to a business from its clients for goods or services already provided but not yet compensated for.
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