If you often read business publications or frequent professional forums online, you've likely come across the abbreviation "B2B." What is B2B meaningexactly? It simply means "business to business," which refers to any company primarily focused on selling products and services to other businesses rather than to consumers.
B2B companies can be found in every industry, from manufacturing to retail. Wherever business is done, you can be sure a host of B2B suppliers and advisory firms are active as well. Every B2C company requires certain products, services and professional counsel, and so every B2C company generates B2B activity.
One example of a traditional B2B meaningmarket can be found in automobile manufacturing. Everyone knows some of the biggest consumer-facing brands, but in every model of car or truck they produce are dozens of other companies' products. These include the tires, hoses, batteries and electronics that are essential for the final consumer product – the vehicle – to operate properly. The manufacturer purchases these products from its various suppliers and then finishes them into the final product. When you buy a car from one company, you're really purchasing parts that were created by dozens, if not hundreds, of other businesses from all around the world.
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