Identify the following transaction are B2B or B2C:
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Answer:
What does B2B mean?
B2B is shorthand for business-to-business. It describes businesses whose customers are also businesses. In other words, it is commercial transactions that take place between two or more business organizations like the supplier and manufacturer, manufacturer and wholesaler, wholesaler, and retailer.
There are several typical examples of B2B businesses, including logistics agencies, advertising agencies, software companies, graphic design services, office furniture manufacturers. Customers, as known as other companies, buy products and services from these B2B sellers to use in further production or serve for internal purposes.
What does B2C mean?
B2C stands for business-to-consumer. In this form of commercial transactions, goods, and services are marketed to individual consumers. B2C businesses sell products directly to the final consumers. The commercial transaction here is shorter than that in the B2B one.
As a consumer, you might get more familiar with the B2C than B2B. The presence of B2C is right on your daily purchase. When you go to an Apple store to buy a smartphone or buying food from a supermarket, it is B2C.