Have you wondered how businesses communicate with one another and consumers? Business transactions might be B2B, B2C, or C2C. How do these acronyms affect our economy? Let’s examine B2B, B2C, and C2C and their effects on businesses and consumers.
B2B, or “Business-to-Business,” refers to transactions between firms. B2C, or “Business-to-Consumer,” refers to business-to-consumer interactions. Finally, C2C, or “Consumer-to-Consumer,” refers to consumer-to-consumer transactions. These three models illustrate how products and services circulate in our marketplace, each with its own dynamics and ramifications.