Define the meaning of the terms B2C and B2B as they relate to ...

[Starlight]

Define the meaning of the terms B2C and B2B as they relate to e-commerce.

Question 2

A governmental hospital receives notice of a 100,000 grant from the federal government to conduct breast cancer research.
 
  The grant contains an eligibility requirement; that is, the hospital must incur costs and submit quarterly reports of allowable costs incurred. The reports are subject to audit. When should the hospital recognize revenues under the grant?
   a. upon receiving notice of the grant
   b. each quarter, when it submits quarterly reports
   c. as it incurs allowable costs
   d. after the all cost reports have been audited

[AmberC1996]

Answer to Question 1

B2C - Business to consumer e-commerce - businesses sell directly to consumersvia the Internet.

B2B - Business to business e-commerce - transactions are conducted betweentwo businesses via the Internet.

Answer to Question 2

c