ESB Review Part 1

You've been asked to classify several businesses as either B2B or B2C. For each business, select B2B or B2C. Wholesale flooring distributor because the transaction implies the materials purchased will be resold thru a retail business, such as an installer, or a store open to the general public.

• B2B

• B2C

Chain of local grocery stores because purchases at the store are typically made by buyers for personal use. The number of grocery stores managed by the owner is irrelevant.

• B2B

• B2C

• C2C

• C2B

Motorcycle repair shop because the service provided is typically for personal use.

• B2B

• B2C

• C2C

• C2B

(a)   is affected by a company's financial picture

• stakeholder
• shareholder
• employee
• customer

Complete each statement about business compensation structure by selecting the correct option from each drop-down list. An example of _______ compensation is paying field laborers for the amount of fruit they pick.

• Salary

• Commission

• Piece Work

• Bonus

Which legal structure allows you to have partners and avoid double taxation?

• Sole Proprietorship

• C-Corporation

• Limited Liability Company

• S-Corporation

Classify the following as B2B or B2C: A company selling office supplies to other businesses.

• B2B

• B2C

What type of compensation is based on the amount of work done, such as picking fruit?

• Salary

• Commission

• Piece Work

• Bonus

Which business type involves selling directly to consumers?

• B2B

• B2C

Employees most affected by minimum wage laws are compensated _______.

• Hourly

• Salary

• Commission