What is Business-to-consumer?

Business to consumer (B2C) refers to the transactions conducted directly between a company and consumers who are the end-users of its products or services. The business to consumer as a business model differs significantly from the business-to-business model, which refers to commerce between two or more businesses. While most companies that sell directly to consumers can be referred to as B2C companies, the term became immensely popular during the dotcom boom of the late 1990s, when it was used mainly to refer to online retailers, as well as other companies that sold products and services to consumers through the internet.

What is Business-to-busines?

Business to business, also called B to B or B2B, is a form of transaction between businesses, such as one involving a manufacturer and wholesaler, or a wholesaler and a retailer. Business to business refers to business that is conducted between companies, rather than between a company and individual consumers. Business to business stands in contrast to business to consumer (B2C) and business to government (B2G) transactions.

What is Business processes?

A business process is a collection of linked tasks which find their end in the delivery of a service or product to a client. A business process has also been defined as a set of activities and tasks that, once completed, will accomplish an organizational goal. The process must involve clearly defined inputs and a single output. These inputs are made up of all of the factors which contribute (either directly or indirectly) to the added value of a service or product. These factors can be categorized into management processes, operational processes and supporting business processes.

What is Consumer-to-consumer?

Have you ever bought or sold an item on eBay.com or craigslist.org? If so, you have participated in consumer-to-consumer (C2C) e-commerce. People who come together to buy, sell or trade items online take part in C2C e-commerce. This type of e-commerce is the modern version of using the classified advertising section of your local newspaper or going to an auction. C2C e-commerce is a convenient way for consumers to buy and sell goods without getting in their cars and driving to a store.

What is Business-to-government?

An example of a business-to-government service would be a small business' providing IT consulting to a local government agency. The B2G category covers contracts of all sorts – for goods, services and information – between businesses of all sizes and government at all levels (state, local and federal). Governments generally solicit business from the private sector through requests for proposal (RFPs). Businesses used to interacting with other businesses or directly with consumers often encounter higher-than-expected hurdles when working with government agencies. In part because the profit motive is absent and in part due to bureaucratic strictures, governments may take more time than private companies to approve and begin work on a given project.