Question

What does B2B e-commerce refer to?

1. It involves online transactions between businesses and individual customers.
2. It is the exchange of goods and services between businesses exclusively through physical marketplaces.
3. It entails electronic transactions between different businesses for the purchase and sale of goods and services
4. It represents the use of telecommunication networks for internal business communications within a single company.

• A. All
• B. 1, 4
• C. 3 only
• D. 4 only

Answer 1

Answer:

C. 3 only

Business-to-Business (B2B) e-commerce

• Business-to-Business (B2B) e-commerce refers to the online transaction of goods, services, or information between businesses.
• In the B2B e-commerce model, businesses sell their products or services to other businesses rather than to individual consumers.
• This type of e-commerce often involves bulk orders, long-term contracts, and complex pricing structures tailored to the specific needs of business customers.
• B2B e-commerce platforms facilitate transactions between manufacturers, wholesalers, retailers, and other intermediaries, enabling them to streamline their procurement processes, expand their market reach, and establish efficient supply chain management.
• B2B e-commerce has significantly transformed the way businesses conduct trade, providing them with increased transparency, cost-effectiveness, and accessibility to a global network of suppliers and buyers.