MANAGEMENT

Detailed explanation-1: -The term business-to-consumer (B2C) refers to the process of selling products and services directly between a business and consumers who are the end-users of its products or services. Most companies that sell directly to consumers can be referred to as B2C companies.

Detailed explanation-2: -“B2C” stands for “business-to-consumer.” It’s a type of business model geared toward individual buyers. This is a common sales model that applies to both brick and mortar and online retailers. The brands that most people are familiar with are probably B2C, for example: Amazon.

Detailed explanation-3: -B2C e-commerce is defined as the practice of businesses selling directly to consumers. B2C e-commerce has a market value of USD 3.67 trillion in 2020, and it is anticipated to increase at a CAGR OF 9.7% from 2021 to 2028.

Detailed explanation-4: -In a B2C eCommerce model, you can save the additional costs of infrastructure, electricity, staffing, etc. It helps you lower your operational costs considerably. You can easily manage inventory and warehousing with lesser people and resources. Also, you’re able to broaden your reach at a lower marketing cost.

Detailed explanation-5: -B2C stands for “business to consumer.” B2C transactions are commerce transactions where a business sells products or services directly to consumers. Traditional B2C transactions included buying clothes from a store at the mall or eating in a restaurant.