B2b meaning

B2B is defined as an abbreviation for business-to-business and is a business relationship where a company's customers are other businesses.
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B2B sales are focused on a very narrow segment that has a use for your product.
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B2B sales are almost entirely based on a rational decision of business value to your customer. The product will simplify a task, provide less waste, increase productivity or cut down labor costs.
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The B2B sales market heavily relies on relationship selling.
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The sales are obtained in a longer sales cycle than B2C sales. A business may buy a few of the products to evaluate and then a larger order will follow the evaluation of the first few.
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The bill is usually paid on a net 30-day schedule so the profit to be achieved is at least a month out on most sales.

An example of B2B is an interaction using live chat on the Internet between two businesses.

An example of B2B is a paper supplier who sells paper to a printer.

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Business-to-business.
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(Business to Business) One business communicating with or selling to another. See B2B e-commerce, B2C, B2G, B2E and X2X.
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