INFORMATICS

Read the following case study and answer ALL the questions that follow:

Consumer to consumer $($C$2$C$)$ e$-$commerce has bloomed over the past few years. In the C$2$C e$-$commerce business model, buyers and sellers are both considered consumers to the third$-$party platform owner. The platform is a virtual space for commerce to take place. This business model has grown popular among end$-$users and business owners, due to its distinct advantages. Assume you are interested in creating a platform for a farmers market were buyers and sellers of fresh produce can utilize this platform for their buying and selling needs. To illustrate, producers gather on a designated day and area to sell their produce. Producers can rent their spots in the area on a weekly or monthly basis, or as a one$-$time trial. Depending on the region, there might be different rules on the rotation and pricing of available spots, protection from adverse weather, any fees for potential buyers entering the market, or anything else the market$-$space provider is willing to offer. This concept translates to an online market space, where sellers must pay the online platform provider for a spot on the platform in order to sell their products or services. In that way, both the seller and the buyer are consumers in the C$2$C business model. Research on the following to broaden your understanding of this C$2$C e$-$commerce model.

Section A

Report on any two advantages of a C$2$C e$-$commerce model for sellers and any two advantages of a C$2$C e$-$commerce model for buyers.

Section B

Discuss in detail any two examples of applications or platforms of C$2$C e$-$commerce used today

SECTION C

TERMS OF REFERENCE