Question 9: Digital Commerce
Digital Commerce: 1. Business-to-Business (B2B) model: Business -to- business ( B2B ) refers to a situation where one business makes a commercial transaction with another. This typically occurs when: A business is sourcing materials for their production process. 2. Business-to-Consumer (B2C) model: Business to consumer ( B2C ) is business or transactions conducted directly between a company and the consumers who are the end-users of its products or services. 3. Consumer-to-Consumer (C2C) model: C ustomer-to-customer, or consumer-to-consumer, is a business model that facilitates the transaction of products or services between customers. 4. Customer-to- Business ( C2B ) model: Sometimes known as Consumer to Business , is the most recent E-Commerce business model . In this model , individual customers offer to sell...