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.
