ENTREPRENEURSHIP

ENTREPRENEURIAL OPPORTUNITIES

MARKET RESEARCH

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Companies that sell to other companies are called
A
B2C
B
B2B
C
none of the above
D
C2C
Explanation: 

Detailed explanation-1: -Business-to-business (B2B) is a transaction or business conducted between one business and another, such as a wholesaler and retailer. B2B transactions tend to happen in the supply chain, where one company will purchase raw materials from another to be used in the manufacturing process.

Detailed explanation-2: -In B2B, a business that manufactures products, services, or software sells to another business that can use them as raw materials. Retailers selling to wholesalers are one of the business-to-business examples. A company that produces and sells automobile parts is also part of business-to-business sales.

Detailed explanation-3: -Most of the time, B2B (also known as business-to-business) marketing focuses on logical process-driven purchasing decisions, while B2C (also known as business-to-consumer) marketing focuses on emotion-driven purchasing decisions.

There is 1 question to complete.