What does the acronym B2B stand for in commerce? 🔊
The acronym B2B stands for Business-to-Business, referring to transactions between businesses, such as manufacturers selling products to wholesalers or service providers offering solutions to other companies. B2B commerce typically involves larger volumes and longer sales cycles compared to B2C (Business-to-Consumer) models. Understanding B2B dynamics is essential for developing effective marketing strategies and building strong business relationships.
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