Asked by Paula Izquierdo on Jun 02, 2024
Verified
What is meant by the term B2C?
A) balance to cash
B) business to cash
C) book to capital
D) business to consumer
B2C
An acronym for "Business-to-Consumer," describing transactions conducted directly between a company and consumers who are the end-users of its products or services.
Book to Capital
The ratio of a company's net book value of its assets to its capital, indicating how much of the company's assets are financed by shareholder capital.
- Grasp the concept and implications of e-commerce in accounting.
Verified Answer
ZM
Zachary McKayJun 04, 2024
Final Answer :
D
Explanation :
B2C stands for business to consumer, which refers to companies that sell products or services directly to individual consumers. This is typically contrasted with B2B (business to business), where companies sell products or services to other businesses.
Learning Objectives
- Grasp the concept and implications of e-commerce in accounting.