Asked by Unbox Chemistry on Jun 26, 2024
Verified
Cindy wants to sell her bicycle so she can upgrade to a newer one.What kind of transaction will most likely take place when Cindy sells her older bike?
A) B2B
B) G2C
C) C2C
D) B2C
C2C
Consumer-to-Consumer, a business model where trade, exchange, or transactions occur between consumers, facilitated by a third party or platform.
Transaction
A financial event that changes an entity's financial position, often recorded in the accounting system.
- Categorize companies according to the nature of their transactions (B2B, B2C, etc.).
Verified Answer
ZK
Zybrea KnightJul 03, 2024
Final Answer :
C
Explanation :
C2C, or consumer-to-consumer, is the type of transaction that will most likely take place when Cindy sells her older bike. This is because both the seller (Cindy) and the buyer are individuals, not businesses or government entities.
Learning Objectives
- Categorize companies according to the nature of their transactions (B2B, B2C, etc.).