Business to Business – A Brief Idea

B2B is a regular term that is widely used in trade and commerce. But how many of us exactly know about business to business (B2B)? Might be few of you, but I will tell you the full meaning and working of B2B companies and portals. The foremost thing to understand about B2B is that it is the short form of business to business. This term refers to the trading activity among various persons, individuals and organizations engaged in some king of business.

B2B (Business to Business) involves buying and selling of goods and services among different traders including wholesalers, retailers, importers, exporters, manufacturers, suppliers, vendors etc. A business to business trader buys goods from one company and then sells it to another company and hence, the trading goes on. This concept of business is totally different from B2C (business to consumer) as here the trading is done among the businessmen and consumer. In B2B, the goods and services on which the businesses deal are semi-finished or machines like spare parts, equipment, etc. All these products are not used by the final consumers but are used in other offices.     

Now coming to B2B portals, these are the e-marketplaces where the major worldwide companies are listed with their product categories. These directories bridge the gap between the suppliers and buyers and allow them to perform genuine trade practices. Apart from this, the directories also contain the search option that enables the buyers to look for a particular type of product without any difficulty. So, if you want to be a recognized seller or buyer, register yourself now on any leading B2B portal.