B2B business : What is it? What is its significance in the global market?
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Today, B2B models are the most crucial drivers of industries around the world in this new networking economy. Of course, B2C models simply refer to the sale of products or services straight to end-use customers, but business-to-business deals are strictly between businesses-from raw materials sold by manufacturers to factories to the provision of IT services by the big companies to corporations. This blog would attempt to understand what a B2B business entails, what constitutes the basic parts forming it, and also that why the best marketplace for B2B is increasingly being urgent in the global marketplace. We will dig deeper and explain the reasons why its selection is crucial in this highly competitive space, especially about India in such a rapidly expanding market. What is a B2B Business? Generally, a B2B business is a situation whereby two or more organizations conclude their transactions. These organizations can be manufacturers, wholesalers, distributors, or service providers. Th...