Electronic Commerce Is Limited to Transactions Between Businesses and Consumers,which

question 42

True/False

Electronic commerce is limited to transactions between businesses and consumers,which is known as business-to-consumer (B2C)EC.

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Definitions:

Disposable Income

Financial endowment to households for the purpose of spending and saving after mandatory tax deductions.

Consumption

The use of goods and services by households. It represents the end-use of products and is a primary component of aggregate demand in an economy.

Disposable Income

The allocation of funds households have to spend and save, after income tax adjustments.

Wage Earning

The act of receiving regular compensation for labor or services, typically on an hourly, daily, or piecework basis.