What does B2B mean?
B2B (or Business-to-Business) refers to a type of commercial relationship in which one business interacts and transacts with another business.
Key features of B2B interaction:
Scale and volume of transactions. Transactions are larger in size and scope than in B2C . Companies can enter into large contracts and transactions as they purchase goods and services for their production or further sales.
Long-term relationships. Long-term relationships are formed between businesses. Consistency and reliability are important, as companies prefer to work with suppliers and partners they can trust.
Specialized products and services. The B2B market is often associated with the lithuania email list sale of specialized products and services designed to meet the needs of other companies, such as raw materials, components, technologies, services, etc.
Relationship-based sales. Relationships and interactions between businesses are important. Often deals are made not only on price, but also on the reputation of the supplier, quality of service, terms and conditions of delivery, innovation.
Complex decision-making processes. Decision-making processes can be complex and involve many participants. Decisions are usually made based on an analysis of price, quality, technical characteristics, and other factors.
B2B is an important element of the global economy, and many companies specialize in serving other companies within this business model .
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