An online auction is based on the _____ business model of e-commerce.
A)merchant
B)infomediary
C)brokerage
D)subscription

Question

Quizplus · Accepted Answer

An online auction operates on the brokerage business model of e-commerce as they provide a platform for buyers and sellers to come together and engage in transactions, while taking a commission on each sale. Infomediary business models involve collecting and selling information on consumers, while subscription business models charge users a recurring fee for access to goods or services. Merchant business models involve selling products directly to consumers.

An Online Auction Is Based on the _____ Business Model