What is B2B?



B2B (abbreviation for business-to-business) is an exchange of products, services, or information between two businesses.

The B2B market is vast and includes different types of merchants from those who sell industrial supplies to those who offer payroll processing and software development.

B2B companies exist in every industry and B2C companies may be involved in B2B transactions such as buying materials for their products from other vendors.

For instance, the accessories industry. Every watch that ends up on a consumer’s hand contains dozens of parts and products that the manufacturer purchased through various suppliers in a B2B transaction.

B2B transactions typically occur under three circumstances: 

  1. When a business is sourcing materials like watch parts
  2. When a business is sourcing services, such as hiring an accounting firm to manage finances 
  3. When a business is sourcing end products to resell them, like a dropshipper who purchases a watch from a manufacturer to sell it to a customer.

There are considerably more B2B transactions than B2C ones because for every B2C transaction, there are dozens, hundreds, or even thousands of B2B transactions that have to happen first.

Examples of B2B companies

Alibaba, Amazon Business, General Electric, Quill, Curbell Plastics, Medline, Blake Envelopes, etc.


You may also like:

Magento 2 B2B Theme: How To Choose The Theme For B2B Store

B2B Ecommerce Platform: How to Choose the Best Solution For Manufacturers And Wholesalers

Top Magento 2 B2B Feature List That Will Scale Your Ecommerce Business

We use cookies to ensure that we give you the best experience on our website. If you continue, well assume that you are happy to receive all cookies on this website. More info