Question 26Asked in UGC NET Computer Science, December 2014 (Paper II & III, Selected Questions)

Which e-business model allows consumers to name their own price for products and services?

  1. AB2B
  2. BB2G
  3. CC2C
  4. DC2B
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Correct answer: (D) C2B

Explanation

The C2B model, also called a reverse auction or demand collection model, enables buyers to name their own (often binding) price for a specific good or service. The website collects the bids and offers them to participating sellers. C2C is consumer to consumer, and B2B and B2G have nothing to do with consumer price setting.

From UGC NET Computer Science PYQ, December 2014 (Paper II & III, Selected Questions)

This is question 26 of UGC NET Computer Science PYQ, December 2014 (Paper II & III, Selected Questions). See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.