An online marketplace that allows firms to find suppliers and buyers, negotiate profitable agreements, and streamline transactions between them is known as a business-to-business (B2B) marketplace. Only business-to-business transactions occur in a business-to-business (B2B) marketplace. Businesses can purchase and sell goods and services in large quantities to and from other companies, such as distributors, manufacturers, wholesalers, and retailers, on this online platform. Special features like product catalogues, safe payment methods, logistics assistance, and tools for negotiating prices are available on B2B marketplaces. This makes it easier to handle the purchasing and selling process. TradeIndia, Alibaba, IndiaMart, and other sites are a few examples of B2B marketplaces.
B2C Marketplace: Definition
A business-to-consumer marketplace is referred to as a B2C model. Businesses nigeria phone number list use this internet platform to market their goods and services to customers directly. Individual consumers, at the final stage of the supply chain, are the centre of attention for the B2C marketplace. This user-friendly online marketplace offers ample space for customers to explore, evaluate, and buy a variety of products and services from various vendors as per their needs. B2C marketplaces include features such as product listings, safe payment methods, customer reviews, shipping services, and more to assist customers and improve their purchasing experience. B2C marketplaces include, among others, eBay, Amazon, Flipkart, and Airbnb.