What is the form of E-Commerce that typically involves companies purchasing supplies in bulk from one another?

Prepare for your TAMU ISTM210 Exam 2 with our comprehensive quiz. Study using flashcards and multiple choice questions, each with detailed explanations. Ensure you're ready for the exam!

The form of E-Commerce that primarily involves companies purchasing supplies in bulk from one another is Business-to-Business (B2B) E-Commerce. In this model, transactions occur between businesses, such as manufacturers, wholesalers, or retailers, rather than between businesses and individual consumers.

B2B transactions typically focus on the sale of goods and services to other businesses, allowing them to efficiently procure necessary materials or services that support their operations and production processes. This model often results in larger order volumes and can be driven by contracts, negotiations, and long-term supplier relationships, which differ from B2C (Business-to-Consumer) transactions, where the focus is on selling directly to the end user.

Understanding the B2B model is crucial as it emphasizes the importance of supplier relationships and bulk purchasing, which can lead to cost savings and more favorable terms for businesses engaging in these transactions.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy