Information technology has huge impact on those who are doing trade, and wants to promote their business online. The most important aspect of information technology is that the all the commercial and non commercial activities can be done using the platform of internet! During this period of technological advancements many business models have been developed, among then B2B is one of the most popular business model using internet for all its business activities. Internet is best mode of connectivity between companies located anywhere in the world.
Before understanding the full concept of B2B we should know that every company has a list of products and they are able to place complete directory of their products & services online and also able to update the business information regularly according to their business strategies. It’s a new and unique way in order to showcase their products & services completely and it is a very easy mode of interaction with their potential clients online.
B2B means trade or business between two or more than two companies; it is popularly known as business to business trade. Here companies are selling & buying products and services with each other online. There are various business entities involved for performing in this kind of network of trade on the internet where large amount of business data use to transfer from one company to another via internet.
To simplify the B2b, all the different entities of offline business such as sellers, buyers, distributors, transporters, resellers, suppliers, sales & marketing professionals, etc. All these entities use to build electronic relationship with each other using their respective web applications and exchanging business information for fast trade between them. Most important advantage of electronic trade or relationship is that they don’t use to face all the delay hassles due to distances and companies can do trade with each other from different parts of the world.
Companies from various business industries are involved and communicate with each other in online trade making strong network of B2B market places all over the world. To accomplish eCommerce website related solutions there are various web development companies which are providing customized B2B eCommerce website development services, creating huge B2B network.
B2B- electronic Relationship of Business entities