Your daughter recently approached you with an idea to start an online business selling handmade wreaths for the front doors of homes. She is very skilled in the craft, and for years has been making the wreaths in her spare bedroom and selling them offline for premium prices. She has approached you for advice because she is aware of your expertise as a business professional. You suggest setting up an online wreath marketplace so she can develop two income streams: she can sell her own wreaths on the site and other wreath makers can pay a listing fee to sell their wreaths on the site. You will do the programming for free. What two online business models are being utilized in this scenario?
a. Click-and-mortar retailing | | |
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d. Advertising-based plan | | |
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f. Business-to-business procurement | | |