Vaobao serves as an online marketplace that facilitates consumer-to-consumer retail. It provides a platform for small-scale businesses and individuals to open their online stores. Members who wish to sell their products must register with Vaobao and then list their goods and attract buyers to purchase their items on Vaobao. Goods can be sold with a fixed price or auctioned, depending on the seller's choice. In this scenario, Vaobao exemplifies the phenomenon of a(n) _____.
A) speed-to-market undertaking
B) peer-to-peer transaction
C) leaderless social sharing
D) exponential distribution

Question

Quizplus · Accepted Answer

Vaobao acts as a platform for consumer-to-consumer transactions, where individuals and small businesses can sell products directly to other consumers, fitting the definition of a peer-to-peer transaction.

Vaobao Serves as an Online Marketplace That Facilitates Consumer-To-Consumer Retail