Business-to-Business Electronic Commerce

Business-to-business commerce includes a broad range of intercompany transactions, including wholesale trade as well as company purchases of services, resources, technology, manufactured parts and components, and capital equipment. It also includes some types of financial transactions between companies, such as insurance, commercial credit, bonds, securities, and other financial assets. The popular phrase “B2B e-commerce” refers to the substitution of computer data processing and Internet communications for labor services in the production of economic transactions. Many companies engaged in B2B e-commerce are intermediaries between other companies that buy and sell goods and services.