Which of these is an example of a B2C transaction?

A. A government agency buys computers from newegg.com.

B. A consumer buys a computer from newegg.com.

C. Newegg.com buys computers an individual made himself.

D. Newegg.com buys computers from Lenovo.

Answer :

Final answer:

A B2C transaction involves businesses selling directly to consumers. Buying a used laptop at a garage sale and ordering flowers online for a friend are both examples of B2C transactions, with the first likely having a higher degree of imperfect information.

Explanation:

The term B2C (Business-to-Consumer) transaction refers to the process where businesses sell products and services directly to consumers. Within the context of the student's question, examples of a B2C transaction would be:

  • c. Buying a used laptop computer at a garage sale
  • d. Ordering flowers over the Internet for your friend in a different city

Both of these examples involve a business (in scenario d, an online flower retailer) selling a product directly to an individual consumer. Therefore, both are good examples of B2C transactions.

Self-Check Question

The degree of imperfect information can vary based on the type of purchase being made. When buying a used laptop at a garage sale, one can expect a relatively high degree of imperfect information because there is more uncertainty about the product's condition and history. On the other hand, ordering flowers over the Internet for a friend in a different city may involve less imperfect information, as one usually relies on the reputability of the seller and standardized options to make a choice.