Which of the Following Transactions Is Represented by the Diagram

question 32

Multiple Choice

Which of the following transactions is represented by the diagram below?

• A) An automobile salvage business holds weekly auctions at which it sells its entire inventory.
• B) A grocery store sells products to consumers.
• C) A hobbyist restores antique cars. When a car is finished, she sells it on eBay.
• D) A firm sells movies to consumers through an online downloading service.

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Definitions:

B2B Buying

The process by which one business purchases goods or services from another business for use in its operations or for resale.

Product Units

The quantity of products or goods manufactured, available for sale, or sold, expressed in numerical units.

Distance Learning Technology

Technology-based methods and platforms that enable instruction and education to occur when the teacher and student are not in the same physical location.

New Buy

Refers to a purchasing situation where a buyer acquires a product or service for the first time, involving more research and decision-making effort.