Match the term with its definition.
-A business model based on selling to business customers electronically
A)auction sites
B)brick-and-mortar facility
C)business incubator
D)business-to-business (B2B) model
E)business-to-customer (B2C) model
F)consumer-to-consumer (C2C) model
G)content-based model
H)disintermediation
I)e-commerce
J)general-purpose equipment
K)home-based business
L)information-based model
M)special-purpose equipment
N)transaction-based model
O)zoning ordinances

Question

Quizplus · Accepted Answer

The business-to-business (B2B) model is based on selling to business customers electronically.

Answer: A
 Auction sites are websites that allow consumers or businesses to bid on and purchase products or services.

Answer: C
 A business incubator is an organization or facility designed to assist and support new and startup businesses.

Answer: E
 The business-to-customer (B2C) model is based on selling to individual customers electronically.

Answer: F
 The consumer-to-consumer (C2C) model is based on individuals selling or purchasing goods and services directly to/from other individuals through online platforms or marketplaces.

Answer: G
 The content-based model is based on offering content or information to users for free, while generating revenue through advertising or upselling related products or services.

Answer: H
 Disintermediation is the process of removing intermediaries (such as distributors or retailers) from a supply chain or distribution network, allowing manufacturers to sell products directly to consumers or businesses.

Answer: I
 E-commerce refers to the buying and selling of goods and services over the internet, often involving electronic transactions.

Answer: J
 General-purpose equipment refers to machines or tools that can be used for a variety of purposes, rather than being designed for a specific task or industry.

Answer: K
 A home-based business is a business that is operated from the owner's home, rather than from a commercial or industrial location.

Answer: L
 The information-based model is based on generating revenue from providing information or data services, such as market research or consulting.

Answer: M
 Special-purpose equipment refers to machines or tools that are designed and built for a specific task or industry, rather than being useful for a variety of purposes.

Answer: N
 The transaction-based model is based on generating revenue by taking a percentage of each sale or transaction conducted through the platform or service.

Answer: O
 Zoning ordinances refer to local laws or regulations that determine how a particular piece of land or property can be used, including whether a business can operate in a particular area.

Match the Term with Its Definition