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Which of the following terms relate to e-commerce?
i. B2B
ii. C2B
iii. B2C
iv. EDI
A) i, ii and iii
B) ii, iii and iv
C) i, ii and iv
D) i, iii and iv
EDI
Electronic Data Interchange, a system that allows the exchange of business documents and data across different companies electronically.
B2C
Business-to-Consumer, a commercial transaction model where businesses sell products or services directly to the end-users or consumers.
C2B
Consumer-to-Business, a business model where consumers create value or products that businesses purchase.
- Understand the basic concepts and types of e-commerce transactions.
Verified Answer
Learning Objectives
- Understand the basic concepts and types of e-commerce transactions.
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