What Is the Difference Between a B2C and a C2B

question 64

Multiple Choice

What is the difference between a B2C and a C2B?

• A) B2C focuses on companies as customers, and C2B focuses on consumers as customers.
• B) B2C focuses on collaboration, and C2B focuses on consumers only.
• C) B2C focuses on business to consumers, and C2B focuses on consumers to business.
• D) B2C focuses on consumers as customers, and C2B focuses on companies as customers.

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Definitions:

Aggregate Demand Curve

A graphical representation that shows the relationship between the overall price level in the economy and the total demand for goods and services at that price level.

Velocity of Money

The rate at which money is exchanged from one transaction to another, and how much a unit of currency is used in a given period.

ATM Machines

Automated Teller Machines where individuals can perform financial transactions, such as cash withdrawals, deposits, and fund transfers, without the need for direct interaction with bank staff.

Credit Cards

Financial instruments that allow users to borrow funds up to a pre-set limit for purchases or cash advances, with the expectation of paying back the borrowed amount over time.