Whois & Analysis for globalsources.com

Business-to-business (B2B) refers to a situation where one business makes a commercial transaction with another.

This typically occurs when:

In marketing, a product is anything that can be offered to a market that might satisfy a want or need.

In retailing, products are called merchandise.

In manufacturing, products are bought as raw materials and sold as finished goods.

A service is another common product type.

A supply chain is a system of organizations, people, activities, information, and resources involved in.

Manufacturing is the value added to production of merchandise for use or sale using labour and machines, tools, chemical and biological processing, or formulation.

The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale.

Such finished goods may be sold to other manufacturers for the production of other, more complex products, such as aircraft, household appliances or automobiles, or sold to wholesalers, who in turn sell them to retailers, who then sell them to end users and consumers.

A market, or marketplace, is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods.

In different parts of the world, a market place may be described as a souk (from the Arabic), bazaar (from the Persian), a fixed mercado (Spanish), or itinerant tianguis (Mexico), or palengke (Philippines).

Some markets operate on most days; others may be held once a week, or on less frequent specified days.