The Auction Site EBay

question 30

Multiple Choice

The auction site eBay.com is an example of ________ electronic commerce.

• A) business-to-business
• B) consumer-to-consumer
• C) business-to-consumer
• D) consumer-to-business
• E) government-to-business

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Definitions:

Patented Prescription Drug

A medication that is protected by a patent, giving its manufacturer the exclusive right to produce and sell the drug for a certain period.

Lack Of Substitutes

A market condition where there are no close alternatives to a product, leading to higher consumer dependency on that product.

Monopoly

An industry controlled by a monopolist.

Consumers' Dislike

The negative reactions or attitudes consumers have towards a product or service.