Question

Assertion: Selling of refurbished washing machine is an example of C2C Commerce.

Reason: Buyer and seller of such a product are consumers only.

(A) Assertion is correct, reason is incorrect.

(B) Assertion is incorrect, reason is correct.

(C) Assertion and reason both are correct.

(D) Assertion and reason both are incorrect.

Answer 1

The correct answer is:

C. Assertion and reason both are correct

Explanation:
C2C (Consumer-to-Consumer) commerce refers to the transactions that take place between individual consumers. In the given scenario, selling a refurbished washing machine involves a consumer (seller) selling the product directly to another consumer (buyer). This aligns with the concept of C2C commerce.

The reason provided also supports the assertion. Both the buyer and seller involved in the transaction are consumers, as they are individuals engaging in the exchange of goods. 

Answer 2

Correct option is (C) Assertion and reason both are correct.