MANAGEMENT

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: -While B2B companies sell products and services to other private businesses, public-sector organizations, and charities, B2C (business-to-consumer) – or DTC (direct-to-consumer) – companies sell products and services directly to consumers.

Detailed explanation-3: -What’s the difference between B2B ecommerce and B2C ecommerce? B2B stands for ‘business to business’ while B2C is ‘business to consumer’. B2B ecommerce utilises online platforms to sell products or services to other businesses. B2C ecommerce targets personal consumers.

Detailed explanation-4: -Business to business (B2B) sales are transactions between two businesses rather than between a business and an individual consumer for the consumer’s personal use.

Detailed explanation-5: -B2B sales stands for “business-to-business” sales. These sales include any transaction in which one company sells products or services to another company rather than directly to a customer (B2C, or business-to-consumer sales). They are sometimes also referred to as inside sales.