Which of the Following Is True About Business-To-Business (B2B)transactions

question 65

Multiple Choice

Which of the following is true about business-to-business (B2B) transactions?

• A) For most people,the B2B market is visible and overexposed.
• B) An example of a B2B transaction would be an individual buying a cell phone.
• C) B2B involves electronically-facilitated transactions between consumers through a third party.
• D) B2B e-commerce is larger than B2C e-commerce.

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Definitions:

Geert Hofstede

A Dutch social psychologist known for his research on the cultural dimensions of business and management.

International Labor

Involves the labor practices, standards, and workforce dynamics that span across national borders, often influenced by global economic and political relations.

Labor Relations

The study and practice of managing the relationship between employers and their workforce, including the negotiation of labor contracts and resolving disputes.

Compensate Expatriates

The process of providing financial and non-financial benefits to employees working outside their home countries, often to offset the challenges of living abroad.