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Glossary

B2B – Business to Business

A commercial transaction conducted between two businesses.

B2C – Business to Consumer

A commercial transaction in which a business sells directly to the final consumer.

Barter Trade

A transaction in which goods or services are exchanged partly or entirely without conventional monetary payment.

Benchmarking

Comparing a company, product, or price against competitors or industry standards.

Broker

An intermediary who connects buyers and sellers and usually earns a commission.