Asked by Shawn Killens on May 21, 2024
Verified
Amelie lists her dishwasher for sale on eBay.Ryan, who lives in another city, bids for the best price and uses his credit card to pay for the dishwasher.Is this transaction an example of e-commerce?
A) No; e-commerce does not include the sale of used products.
B) No; credit cards are not an accepted mode of payment in e-commerce transactions.
C) Yes; it is a business transaction on a consumer-to-consumer website.
D) Yes; e-commerce always refers to a sale between consumers in different cities.
Consumer-To-Consumer
A business model where consumers trade, sell, or buy goods and services directly with each other, typically facilitated by an online platform.
E-Commerce
The buying and selling of goods and services through the internet, encompassing a wide array of online business activities, including online retailing.
Credit Card
A plastic card issued by a financial institution that allows the holder to borrow funds at the point of sale, subject to repayment with interest.
- Familiarize oneself with the dimensions, activities, and transactions fundamental to e-commerce, highlighting B2B, B2C, and C2C interactions.
Verified Answer
Learning Objectives
- Familiarize oneself with the dimensions, activities, and transactions fundamental to e-commerce, highlighting B2B, B2C, and C2C interactions.
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