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Explain the following term/concept. B2B - Organisation of Commerce and Management

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Question

Explain the following term/concept.

B2B

Short Note

Solution

In this form, the buyer and seller are both business entities and do not involve individual consumers. Here, both the parties involved in e-commerce transactions are business firms, and hence they are called B2B i.e. business to business. Transactions between business firms come under this category. Business firms interact with each other for a variety of services. These include supplying ancillary parts/components to manufacturers providing value-added services Like catering and also providing manpower.

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Scope of E-business
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Chapter 5: Emerging Modes of Business - Exercise [Page 110]
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