Which term describes online trade conducted between businesses?

Prepare for the IB Business and Management SL Exam. Utilize flashcards and multiple choice questions, each with hints and explanations. Get ready for success!

Multiple Choice

Which term describes online trade conducted between businesses?

Explanation:
Online trade between businesses is described by the term B2B. It covers transactions where one company buys or sells goods or services from another firm through online channels, such as a manufacturer selling components to a distributor or a software company selling to another business. B2C describes online trade between a business and individual consumers. E-tailers are online retailers, and spam refers to unwanted messages, not a trade model. So the term for online trade conducted between businesses is B2B.

Online trade between businesses is described by the term B2B. It covers transactions where one company buys or sells goods or services from another firm through online channels, such as a manufacturer selling components to a distributor or a software company selling to another business. B2C describes online trade between a business and individual consumers. E-tailers are online retailers, and spam refers to unwanted messages, not a trade model. So the term for online trade conducted between businesses is B2B.

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