Difference between revisions of "Business-to-Business (B2B)"
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| − | '''Business-to-business (B2B)''' refers to a situation where one | + | '''Business-to-business (B2B)''' refers to a situation where one business makes a commercial transaction with another. This typically occurs when: |
| − | *A business is sourcing materials for their production | + | *A business is sourcing materials for their production process (e.g. a food manufacturer purchasing salt). |
*A business needs the services of another for operational reasons (e.g. a food manufacturer employing an accountancy firm to audit their finances). | *A business needs the services of another for operational reasons (e.g. a food manufacturer employing an accountancy firm to audit their finances). | ||
| − | *A business re-sells goods and services produced by others (e.g. a | + | *A business re-sells goods and services produced by others (e.g. a retailer buying the end product from the food manufacturer). |
| − | In B2B commerce it is often the case that the parties to the relationship have comparable negotiating | + | In B2B commerce it is often the case that the parties to the relationship have comparable negotiating power, and even when they don't, each party typically involves professional staff and legal counsel in the negotiation of terms.<ref>[https://en.wikipedia.org/wiki/Business-to-business What is Business-to-business (B2B) -Wikipedia]</ref> |
== See Also == | == See Also == | ||
| − | *[[Business]] | + | *[[E-Business]] |
| + | *[[E-Commerce]] | ||
| Line 15: | Line 16: | ||
===Further Reading=== | ===Further Reading=== | ||
| − | * | + | *[http://www.businessnewsdaily.com/5000-what-is-b2b.html What is B2B? -Business News Daily] |
| − | * | + | *[https://www.entrepreneurs-journey.com/8127/what-is-b2b/ What Is B2B And Why Choose This Business Model For Your Startup? Entrepreneurs-Journey] |
| − | * | + | *[http://www.marketing-schools.org/types-of-marketing/b2b-marketing.html Explore the Strategy of B2B Marketing marketing-schools.org] |
| − | * | + | *[http://study.com/academy/lesson/what-is-b2b-marketing-definition-examples-quiz.html What Is B2B Marketing? - Definition & Examples -Study.com] |
| − | * | + | *[http://www.insitesoft.com/ecommerce-glossary/b2b-ecommerce/ What is B2B eCommerce?-InsiteSoft] |
| − | * | + | *[http://smallbusiness.chron.com/b2b-b2c-mean-56101.html What Do B2B & B2C Mean?-Chron] |
Revision as of 15:41, 8 December 2022
Business-to-business (B2B) refers to a situation where one business makes a commercial transaction with another. This typically occurs when:
- A business is sourcing materials for their production process (e.g. a food manufacturer purchasing salt).
- A business needs the services of another for operational reasons (e.g. a food manufacturer employing an accountancy firm to audit their finances).
- A business re-sells goods and services produced by others (e.g. a retailer buying the end product from the food manufacturer).
In B2B commerce it is often the case that the parties to the relationship have comparable negotiating power, and even when they don't, each party typically involves professional staff and legal counsel in the negotiation of terms.[1]
See Also
References
Further Reading
- What is B2B? -Business News Daily
- What Is B2B And Why Choose This Business Model For Your Startup? Entrepreneurs-Journey
- Explore the Strategy of B2B Marketing marketing-schools.org
- What Is B2B Marketing? - Definition & Examples -Study.com
- What is B2B eCommerce?-InsiteSoft
- What Do B2B & B2C Mean?-Chron