B2B Marketing: Understanding the Business Market
Classified in Economy
Written on in
English with a size of 4.23 KB
**The Definition of Business-to-Business Marketing**
Business-to-business marketing (or B2B marketing, as it is commonly known) involves the sale of one company’s product or service to another company.
**How Business-to-Business Marketing Differs from Business-to-Consumer Marketing**
The key distinguishing feature of a business-to-business market is that the customer is an organization rather than an individual consumer.
The nature of the product is not a determinant to distinguish between consumer market and business market.
Business-to-business markets are characterized by a higher concentration than business-to-consumer markets.
B2B markets are less price-elastic than B2C and might even end up more commonly having a reverse elasticity.
Dimensions:
... Continue reading "B2B Marketing: Understanding the Business Market" »