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Money withdrawn through ATM is ___ type of e-business transaction
- a)C2C Commerce
- b)B2C Commerce
- c)B2B Commerce
- d)C2B Commerce
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Money withdrawn through ATM is ___ type of e-business transactiona)C2C...
B2C is a business model based on transactions between a company, that sells products or services, and individual customers who are the end-users of these products.
In this case a bank is company providing services which is being availed by the customer by withdrawing money from his bank through an ATM.
In this case a bank is company providing services which is being availed by the customer by withdrawing money from his bank through an ATM.
Most Upvoted Answer
Money withdrawn through ATM is ___ type of e-business transactiona)C2C...
B2C Commerce
B2C (Business-to-Consumer) commerce involves transactions between a business and individual consumers. In the case of withdrawing money through an ATM, the transaction is between the customer (consumer) and the bank (business). Therefore, it falls under B2C commerce.
Explanation:
- B2C Commerce: B2C commerce is a type of electronic business transaction that occurs between a business and individual consumers. It involves selling products or services directly to the end-user.
- ATM Withdrawal: When an individual withdraws money through an ATM, the transaction is between the customer and the bank. The bank is providing a service (withdrawal of money) to the customer, who is a consumer.
- Consumer and Business: In B2C commerce, the business sells products or services directly to the consumer. In the case of an ATM withdrawal, the bank is the business providing the service to the consumer (customer).
- Conclusion: Since the transaction between the customer and the bank involves a service provided to the consumer by the business, it falls under the category of B2C commerce.
B2C (Business-to-Consumer) commerce involves transactions between a business and individual consumers. In the case of withdrawing money through an ATM, the transaction is between the customer (consumer) and the bank (business). Therefore, it falls under B2C commerce.
Explanation:
- B2C Commerce: B2C commerce is a type of electronic business transaction that occurs between a business and individual consumers. It involves selling products or services directly to the end-user.
- ATM Withdrawal: When an individual withdraws money through an ATM, the transaction is between the customer and the bank. The bank is providing a service (withdrawal of money) to the customer, who is a consumer.
- Consumer and Business: In B2C commerce, the business sells products or services directly to the consumer. In the case of an ATM withdrawal, the bank is the business providing the service to the consumer (customer).
- Conclusion: Since the transaction between the customer and the bank involves a service provided to the consumer by the business, it falls under the category of B2C commerce.
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Community Answer
Money withdrawn through ATM is ___ type of e-business transactiona)C2C...
B2C is a business model based on transactions between a company, that sells products or services, and individual customers who are the end-users of these products.
In this case a bank is company providing services which is being availed by the customer by withdrawing money from his bank through an ATM.
In this case a bank is company providing services which is being availed by the customer by withdrawing money from his bank through an ATM.
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Money withdrawn through ATM is ___ type of e-business transactiona)C2C Commerceb)B2C Commercec)B2B Commerced)C2B CommerceCorrect answer is option 'B'. Can you explain this answer?
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