Business-to-business (B2B) transactions refer to the exchange of goods or services between two businesses rather than between a business and a consumer, and are common in a typical supply chain. Some examples of B2B transactions include:
A manufacturer selling raw materials to a production company.
A software company licensing its product to another business for internal use.
A marketing agency providing services to a corporate client.
A logistics company transporting goods for a retailer.
An accounting firm providing auditing services to a corporation.
These types of transactions are essential to the functioning of businesses across various industries and sectors.