Short for business-to-business. The
electronic exchange of products and services between businesses without the
direct involvement of consumers. B2B’s effects on business include streamlining
purchasing, accounting, and other administrative functions; lowering transaction
costs; and simplifying the sale of excess inventory. Related businesses have
collaborated on the creation of Internet-based supply-chain networks.
B2c:The direct electronic exchange of products and services between businesses and consumers. B2C’s effects on business include improving the efficiency in delivering goods and services to consumers.
B2c:The direct electronic exchange of products and services between businesses and consumers. B2C’s effects on business include improving the efficiency in delivering goods and services to consumers.