Which term describes an online approach focused on transactions between businesses instead of individual consumers?

Multiple choice question for Basic of Economics. Select an option, then review the explanation below.

Explanation

The correct answer is A. Business-to-Business (B2B) refers to internet strategies where companies engage directly with other businesses rather than end consumers. Options B, C, and D do not accurately describe this concept.

Practice related questions from the same subject.

1.Which of the following best describes deflation?
2.Under what condition can two nations benefit from engaging in international trade?
3.Which of the following represents a legitimate form of currency?
4.Which political ideology is best summarized by the phrase, "From each according to his ability, to each according to his needs"?
5.Which type of currency experiences a decline in its exchange rate due to a continuous balance of payments deficit?

Which term describes an online approach focused on transactions between businesses instead of individual consumers?

Explanation

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