Business to consumer b2c - Study guides, Class notes & Summaries

B2B A business-to-business (B2B) commercial transaction between businesses B2C A business-to-consumer (B2C) transaction Brand recognition The level of familiarity one has with a brand Business Opportunity A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible Business Plan A document that addresses the concept, customers, and capital for a business C Corporation A C corporation is a legal struc...

ESB Questions with complete solution 2024 Acquisition Costs - correct answer Cost incurred by a business. Angel Investor - correct answer An investor who provides funding to a business for a stake in the business in return. Asset - correct answer A tangible item a business owns. B2B - correct answer A business-to-business commercial transaction between businesses. B2C - correct answer A business-to-consumer transaction. Balance Sheet - correct answer A document that co...

ESB Certification Test Questions with Complete Solutions Entrepreneurship - Correct Answer Setting up business with the aim to make profit. B2B (business-to-business) - Correct Answer Sells products and services directly to other businesses. Normally requires a sales tax exemption certificate from the buyer. B2C (business-to-consumer) - Correct Answer Sells products and services directly to customer for personal use. Small buisness - Correct Answer A small business is when a business h...

When categorizing eCommerce initiatives by transaction type, which category does an Online Travel Agency such as Expedia fall into? Business-to-Consumer (B2C) Business-to-Business (B2B) Consumer-to-Consumer (C2C) Consumer-to-Business (C2B) eGovernment -ANSWER Business-to-Consumer (B2C) When traditional travel agents, like American Express, saw the potential offered by the Internet and aggressively used the new channel they became an example of: Brick and Mortar Bricks and...

When categorizing eCommerce initiatives by company structure, which category does Walmart fall into? - Bricks and Clicks When discussing the impacts of the Internet, we observe that marketplaces like Amazon or Alibaba are edging out the middlemen. We referred to this opportunity of digitalization as: - Disintermediation What is the revenue model of a firm that initially gives away its product or service for free and later attempts to charge for a premium service? - Freemium What is the rev...

Taking over the role of your supplier. Example: We're not going to buy bread for our sandwiches, we'll make the bread ourselves from now on. - ️️Backward Integration Anticipation Inventory - ️️Used to absorb uneven rates of demand or supply perhaps caused by seasonal demand, holidays, quantity discounts, economic production runs EX: Snowblowers Taking over the role of companies closer to the customer. Example: We will no longer sell Coca-Cola through our distributors, from n...

Mgmt 323 Purdue - Exam 1 Latest Update with Verified Solutions Marketing Activity, set of institutions, and processes for creating, capturing, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. Marketing Plan Specifies the marketing activities for a specific period of time. Written document. Value Reflects the relationship of benefits to costs, or what you get for what you give. Value Cocreation Creative way to provide v...

MIE 201 Exam 4 Questions and Answers 100% Pass marketing - Correct Answer ️️ -group of activities designed to expedite transactions by creating, distributing, pricing, and promoting goods, services, and ideas functions of marketing - Correct Answer ️️ -buying, selling, transporting, storing, grading, financing, market research, risk taking exchange - Correct Answer ️️ -the act of giving up one thing (money, credit, labor, goods) in return for something else (goods, services, o...

Business 101 Questions and Answers | Latest Version | 2024/2025 | 100% Correct What is the definition of "Revenue"? Revenue refers to the total income generated by a business from the sale of goods or services. What is "Profit"? Profit is the financial gain that occurs when revenue exceeds expenses. Define "Market Share." Market Share is the percentage of an industry or market’s total sales earned by a particular company over a specific period. What is a "T...

Acquisition Costs Cost incurred by a business. Angel Investor An investor who provides funding to a business for a stake in the business in return. Asset A tangible item a business owns. B2B A business-to-business (B2B) commercial transaction between businesses. B2C A business-to-consumer (B2C) transaction. Balance Sheet A document that compares assets to liabilities plus owner's equity. Bootstrapping A business owner that uses their own money to...