Discussion
Consumers fix price on their own, which business accept or decline comes under ____________ model.
Answer: C
The model is C2B.
In consumer-to-business (C2B) commerce the consumer creates the value or sets the terms and the business responds. A 'name your own price' site, where the buyer states the price and sellers accept or decline it, is the standard example.
In B2B one business sells to another, in B2C a business sells to consumers at its own prices, and in C2C consumers trade with each other, as on auction sites. None of these has the consumer fixing the price for a business to accept.
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