Step-by-step explanation:
Full meaning of acronyms:
- B2C = Business to Consumer.
- B2B = Business to Business.
- C2C = Consumer to Consumer.
Business to Consumer: This involves businesses that directly deal (sell to) with consumers. For example, Amazon, etc.
Business to Business: These businesses directly service or sell to other businesses, not to the final consumer. For example, Microsoft and Intel (in this case Intel sells its microchips to Microsoft).
Consumer to Consumer: These business transactions are carried between consumers only. For example, Craigslist website.