Glossary
What do the technical terms mean
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Payment does not have to be complicated. However, there are technical terms that are often not common.
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Business to Business
Business-to-business generally stands for relationships between (at least two) companies.
B2B in online commerce
All products and services included in B2B marketing have a common feature, the sales market. B2B has a great importance in e-business. Various technologies and standards are used to link companies electronically, such as virtual marketplaces, electronic data interchange (EDI) or web services. Companies and industry associations are increasingly developing concrete procedures, standards and agreements for efficient data exchange among themselves.
International action
Nowadays, B2B is internationally characterized. The Internet in particular has contributed a great deal to internationalization. Thanks to electronic data transmission, it is now possible to initiate business transactions worldwide within seconds.