What is B2B (Business to Business)?October 29, 2021
B2B stands for business to business. B2C stands for business to consumer. B2B vs B2C, which is a larger part of the economy? Learn why B2B is so important, and how it undergirds every B2C transaction.
B2B is the exchange of products, services, or information between two businesses. The economy is littered with B2B companies, and most consumers are completely unaware of them. While just about everyone is familiar with Amazon, Apple, and Microsoft, what do you know about SAP, Oracle, or Cisco Systems?
These companies are huge parts of the economy. Oracle has more than 100,000 employees! And if you think about it, B2B company’s importance makes sense. For every car Ford sells, it must source hundreds of parts from suppliers in B2B transactions.
So what do you think? Do you work in the B2B space? Let us know in the comments below, and don’t forget to hit that like button.
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