B2B commerce
B2B commerce, or business-to-business commerce, refers to transactions between companies rather than between a business and individual consumers. In this context, businesses sell products or services to other businesses, often in bulk or for resale. Examples include manufacturers selling materials to retailers, software companies providing solutions to enterprises, or wholesalers supplying goods to shops. B2B commerce typically involves larger orders, longer sales cycles, and negotiated contracts, focusing on building long-term relationships rather than one-time sales. This type of commerce is crucial for the supply chain and the functioning of various industries.
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B2B commerce, or business-to-business commerce, refers to transactions between businesses rather than between a business and individual consumers. This can include various activities, such as wholesalers selling to retailers or manufacturers selling to distributors. B2B commerce often involves bulk orders, negotiated pricing, and longer sales cycles compared to B2C (business-to-consumer) sales. The focus is on building relationships and providing products or services that help other businesses operate or enhance their offerings. Overall, B2B commerce plays a critical role in the supply chain and the economy by facilitating trade between companies.