What Does B2B Meaning Refer to in Simple Terms for Beginners?

[darianfletcher]

I keep hearing the term in business discussions, but I’m still unclear about b2b meaning. Can someone explain it in a simple way with examples?

 

[mike]

B2B is an abbreviation of Business-to-Business. It is the sale of products or service to a business by another business and not to the individual consumers. Examples are a software company which supplies tools to other companies or a manufacturer supplying parts to retailers. B2B is aimed at addressing business requirements and usually entails bigger orders, long term relationship and professional associations, in contrast to B2C ( Business-to-Consumer), which caters to typical consumers.