What Does Business-to-Business (B2B) Mean?
Business-to-business (B2B) is an Internet business model that involves businesses that perform services or provide products for other businesses. Business information may also be shared. B2B is a form of e-commerce and it can involve businesses that manufacture a product, service or merchandise component that that is sold to another business, which then advertises or markets the product on its website for sale to consumers.
Techopedia Explains Business-to-Business (B2B)
B2B may include outsourcing, which occurs when a business hires a contractor with knowledge and experience in that business’s industry. The term B2B, however, is better known within the commercial trading realm, where wholesalers sell products to retailers, or a commercial original equipment manufacturer sells its products to wholesalers. Contained within a common supply chain execution are various business transactions. For instance, a home manufacturer will make purchases from lumber yards, window manufacturers, concrete businesses, etc. Each one of these transactions is considered to be a form of B2B.
