Question

Explain the following term/concept.

B2B

Answer 1

In this form, the buyer and seller are both business entities and do not involve individual consumers. Here, both the parties involved in e-commerce transactions are business firms, and hence they are called B2B i.e. business to business. Transactions between business firms come under this category. Business firms interact with each other for a variety of services. These include supplying ancillary parts/components to manufacturers providing value-added services Like catering and also providing manpower.