What is B2B Transactions?
B2B stands for "business-to-business." B2B transactions refer to commerce or transactions that occur between businesses rather than between a business and a consumer (B2C). In these transactions, one business sells products or services to another business. B2B transactions can involve a wide range of goods and services, from raw materials, components, and finished products to specialized services and software solutions. They often occur on a larger scale and may involve negotiations, contracts, and ongoing relationships between the involved businesses Types of B2B Transactions B2B transactions come in various forms, depending on the nature of the business and the specific industry. Some common types include: a. Wholesale Transactions: These involve businesses buying products or materials in large quantities at discounted prices for resale or further processing. Wholesale transactions are common in retail, manufacturing, and distribution industries. b. Procurement