Due to todays technological innovations, merchandise trade can now be done online. Stocks are sold and bought online. All kinds of merchandise are being bought and sold online, as well. Business-to-business (B2B) trade is also being done online.
B2B Trade
An online B2B trade typically refers to trade between the manufacturer and the distributor and the distributor and the retailer of merchandise. The contact between supplier and buyer is usually established online, particularly in B2B markets or B2B networking sites. The suppliers describe their business and list their inventory. The buyers, on their part, browse around for the supplier/s that can give them what they need in terms of merchandise type, volume, quality, and price and proceed to contact their chosen suppliers/supplier.
Online B2B trade is not limited by geographical boundaries. A buyer could go to B2B trading sites with a worldwide membership base if he wants to obtain supplies from offshore territories. Correspondence between the trading parties is usually done online and payments are processed through internet funds transfer and banking services.
A B2B trade is similar but not...
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