What is called an internet strategy of dealing directly with business rather than consumer ?
Correct answer: A. B2B
- A. B2B
- B. Indirect contact
- C. Step by step
- D. Trickle down
Explanation
B2B means business-to-business, an internet strategy in which one business deals directly with another business rather than selling to individual consumers. B2C would be the consumer-focused counterpart.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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