Two basic forms of virtual business are:
A) business-to-wholesaler e-commerce and business-to-consumer e-commerce
B) business-to-business e-commerce and business-to-consumer e-commerce
C) consumer-to-business e-commerce and business-to-consumer e-commerce
D) consumer-to-consumer e-commerce and consumer-to-business e-commerce
E) none of these

Question

Quizplus · Accepted Answer

Business-to-business (B2B) e-commerce involves transactions between two businesses, while business-to-consumer (B2C) e-commerce involves transactions between a business and an individual consumer. These are two basic forms of virtual business. Option A is not correct because it only includes one type of business relationship (business-to-wholesaler) and excludes other types of business relationships (e.g. business-to-retailer, business-to-manufacturer). Option C is not correct because consumer-to-business (C2B) e-commerce is not a basic form of virtual business and typically involves freelancers or independent contractors offering their services to businesses. Option D is not correct because it only includes consumer-to-consumer (C2C) e-commerce, which is not a type of virtual business relationship between a business and its customers.

Two Basic Forms of Virtual Business Are