Ebay Inc.
Definition
eBay Inc. is an American multinational e-commerce corporation based in San Jose, California that facilitates consumer-to-consumer and business-to-consumer sales through its website.
Analogy
Imagine eBay as a massive online garage sale or auction house where people from around the world can sell their items directly to buyers who are looking for something specific or unique.
Related terms
Online Auctions: Sales transactions that result from a competitive bidding process conducted over the internet.
Consumer-to-Consumer (C2C): A business model that facilitates commerce between private individuals whether it's for goods or services
Business-to-Consumer (B2C): A type of commerce transaction in which businesses sell products or services to consumers.
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