Question

OLX.com is an example of which of the following business model of E-Commerce?

• A. Consumer to Consumer – C2C
• B. Consumer to Business – C2B
• C. Business to Consumer – B2C
• D. Business to Business – B2B

Hint:

Platforms such as {OLX, eBay, and Quikr} are common examples of the {C2C E-Commerce model}.

Answer 1

The Correct Option is A

Step 1: Understanding the OLX platform.
OLX.com is a popular online marketplace that allows individuals to buy and sell products directly with other individuals through the internet. Users can post advertisements for products such as cars, electronics, furniture, and many other items.
Step 2: Understanding the C2C model.
The Consumer to Consumer (C2C) business model refers to transactions that occur directly between individual consumers without the involvement of a traditional business seller. Online platforms such as OLX act as intermediaries that facilitate these transactions by providing a digital marketplace.
Step 3: Evaluating the options.
(A) Consumer to Consumer (C2C): Correct. OLX allows individual consumers to sell products to other consumers.
(B) Consumer to Business (C2B): Incorrect. In this model, individuals sell products or services to businesses.
(C) Business to Consumer (B2C): Incorrect. This involves businesses selling products directly to customers, such as Amazon or Flipkart.
(D) Business to Business (B2B): Incorrect. This involves transactions between companies.
Step 4: Conclusion.
Since OLX allows individuals to sell and purchase goods directly from other individuals, it follows the Consumer to Consumer (C2C) e-commerce model.
Final Answer: Consumer to Consumer (C2C).