What does the term Business-to-business (b2b) mean?

October 25, 2007

Posted by LifesaPretzel

( 1 rating )

Business-to-Business (B2B): A transaction that occurs between a company and another company, as opposed to a transaction between a company and a consumer (business-to-consumer, B2C). The term also can describe a company that provides goods or services for another company.

B2B is on the Rise:
Forecasts are that B2B revenue will far exceed business-to-consumers (B2C) revenue in the near future

According to CompTIA:
More than one-half of the companies surveyed (59 percent) said the value of B2B e-commerce to their organizations is increasing significantly; and 38 percent said it is increasing slightly. The survey also found that 57 percent of companies reported a significant increase in the transactional volume performed using B2B e-commerce.

“The increasing usage of B2B e-business clearly demonstrates its value as an essential tool that enables companies to conduct business quicker and with more flexibility.”

Example:
Alibaba.com, Which will be filing an IPO soon, October 26th I believe. Lucky for Yahoo!, a 39 percent shareholder in Alibaba Group, is expected to retain the majority interest in the Chinese e-commerce unit after the listing.

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