3 common types of transactions in business.
B2B stands for Business-to-Business transactions, such as one involving a retailer and a wholesaler. This type of transaction usually occurs in the supply chain, like when a company purchases raw material in order to use it in manufacturing.
This term stands for Business-to-Consumer and refers to the selling process of products directly between a business and consumers with no middlemen. Companies that sell their products directly to consumers can be called B2C companies and typically refer to online retailers.
B2G means Business-to-Government transactions, and it refers to the significant chunk of business in which sales and services to federal, state, or local agencies happen.