Business-to-Business (B2B) - Business concept of the day

Business-to-Business (B2B) - Business concept of the day

Business Development

GlobalLinker Staff

GlobalLinker Staff

326 week ago — 1 min read

Definition: Business-to-Business (B2B) is a commercial transaction where a company sells its product/services – to other businesses. B2B companies do not sell directly to the end consumer.

Example: The auto parts manufacturer who sells parts to major players in the automobile industry is a classic example of a B2B business.

Business Insight: B2B businesses need very different marketing models than B2C (Business-to-Consumer) companies that sell directly to consumers.

 

Comments (4)

Posted by

GlobalLinker Staff

We are a team of experienced industry professionals committed to sharing our knowledge and skills with small & medium enterprises.