QQuestionBusiness Management
QuestionBusiness Management
Which of the statements about B^2B e-commerce is correct?
A. The transactions involve review by a team of people before making a purchase decision.
B. The end consumer is the decision-maker in the transactions.
C. B^2B websites offer fixed, consistent pricing for all purchases.
D. Shopping websites use B^2B e-commerce.
12 months agoReport content
Answer
Full Solution Locked
Sign in to view the complete step-by-step solution and unlock all study resources.
Step 1:Let's solve this step by step:
Step 2:: Understand B^2B E-Commerce
B^2B (Business-to-Business) e-commerce refers to electronic transactions and interactions between businesses, not between businesses and individual consumers. This means the transactions occur between two commercial entities.
Step 3:: Analyze Option A
\text{Option A: The transactions involve review by a team of people before making a purchase decision}
This statement is actually correct. In B^2B transactions, purchases often require multiple stakeholders' approval, such as procurement teams, finance departments, and senior management.
Step 4:: Examine Option B
\text{Option B: The end consumer is the decision-maker in the transactions}
This is incorrect. In B^2B e-commerce, the decision-makers are business representatives, not end consumers.
Step 5:: Evaluate Option C
\text{Option C: B2B websites offer fixed, consistent pricing for all purchases}
This is incorrect. B^2B pricing is typically negotiable and can vary based on volume, relationship, and specific contract terms.
Step 6:: Review Option D
\text{Option D: Shopping websites use B2B e-commerce}
This is incorrect. Shopping websites typically serve individual consumers (B^2C - Business-to-Consumer), not businesses.
Final Answer
B^2B transactions typically involve team-based review and approval processes before finalizing purchases.
Need Help with Homework?
Stuck on a difficult problem? We've got you covered:
- Post your question or upload an image
- Get instant step-by-step solutions
- Learn from our AI and community of students