Business-To-Consumer Applies to Any Business That Sells Its Products or Services

question 39

True/False

Business-to-consumer applies to any business that sells its products or services directly to consumers online.

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Definitions:

Allocative Efficiency

A state of resource distribution where it is impossible to make any one individual better off without making someone else worse off.

Productive Efficiency

A situation in which an economy or entity is producing goods and services at the lowest possible cost, utilizing all its resources efficiently.

Allocative Efficiency

A state of resource allocation where goods and services are distributed according to consumer preferences, with each good produced up to the point where the last unit provides a level of utility equal to its cost of production.