Question 1: Explain the 3 types of business models and their differences. (B2B,B
ID: 358200 • Letter: Q
Question
Question 1:
Explain the 3 types of business models and their differences. (B2B,B2C,C2C) Distinguish between consumer products and business products.
Please use your own words and don’t plagiarize. Cite your source.
Question 1:
Explain the 3 types of business models and their differences. (B2B,B2C,C2C) Distinguish between consumer products and business products.
Please use your own words and don’t plagiarize. Cite your source.
Question 1:
Explain the 3 types of business models and their differences. (B2B,B2C,C2C) Distinguish between consumer products and business products.
Please use your own words and don’t plagiarize. Cite your source.
Explanation / Answer
Business to Business :
When a corporation sells its products and services to any other business then it comes under this .
For example: Vodafone sells corporate simcards to Walmart employees or Amazon employees .
A coal producing company might supply its offerings to a company which produces coal based electricity. Then , it will be B2B transaction.
Business to customers ( B2C) :
In this a company sells its offerings to the customers. For example: Apple sells its i-phones to global customers.
Unilever has global customer base for its FMCG products.
Customer to Customer( C2C) :
When a customer sell products to other customer through online channel like e-commerce sites , or platforms.
For example: After getting a product from other company, a customer might auction it through online incase of huge demand for the same product.
Consumer products:
These products are manufactured by keeping the view tastes , preferences and lifestyles of the consumer across the globe. For example: Bakers product, Cold drink, Sauces, All FMCG products, consumer electronics like LED lamp, Television, cell phones etc.
These products can be best sold in retail store or by providing small sachets , family like packs , quantity and sizes .
Business products :
When a company produces in mass quantity as well as in huge numbers then it comes under business products. For example: If, Apple provides some smartphone only to corporate clients. A company might make salt packets for industrial supplies. HP supplies computers to Walmart, Amazon, GE etc.
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