In Addition to B2B and B2C Transactions, the Internet Is

question 78

Multiple Choice

In addition to B2B and B2C transactions, the Internet is commonly used in all of the following business activities except

• A) supply chain management
• B) regulatory compliance management
• C) customer relationship management
• D) product life-cycle management

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Definitions:

Business

The organized activities and operations of individuals or entities to produce and sell goods and services for profit.

Price-Taker Firms

Companies that accept the market price as given and have no influence to change the price of the goods or services they sell.

Expand

Refers to the process of growth or increase in size, volume, number, or scope.

Contract

A legally binding agreement between two or more parties that outlines obligations, rights, and conditions under which a transaction or exchange will occur.