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The "electronic components district" of Guangzhou, where numerous shops sell electronic components to other companies that would use them to manufacture consumer goods

Business-to-business (B2B or, in some countries, BtoB) is a situation where one business makes a commercial transaction with another. This typically occurs when:

A business is sourcing materials for their production process for output (e.g. a food manufacturer purchasing salt). Example: Providing raw material to the other company that will produce output.
A business needs the services of another for operational reasons (e.g. a food manufacturer employing an accountancy firm to audit their finances).
A business re-sells goods and services produced by others (e.g. a retailer buying the end product from the food manufacturer).

B2B is often contrasted with business-to-consumer (B2C). In B2B commerce, it is often the case that the parties to the relationship have comparable negotiating power, and even when they do not, each party typically involves professional staff and legal counsel in the negotiation of terms, whereas B2C is shaped to a far greater degree by economic implications of information asymmetry. However, within a B2B context, large companies may have many commercial, resource and information advantages over smaller businesses. The United Kingdom government, for example, created the post of Small Business Commissioner under the Enterprise Act 2016 to "enable small businesses to resolve disputes" and "consider complaints by small business suppliers about payment issues with larger businesses that they supply."^[1]

Business-to-Business companies represent a significant part of the United States economy. This is especially true in firms of 500 employees and above, of which there were 19,464 in 2015,^[2] where it is estimated that as many as 72% are businesses that primarily serve other businesses.^[3]

How to Start Food truck busniess.

How to start food truck busniess?

If you want to open a business related to food stuff, then food truck business can help you in capital investment and management as compared to restaurant. Because neither land is required nor very large staff in it. The most important thing in this business is that whatever dish you want to sell, it should taste good. The biggest advantage of starting this business is that in the coming time it will dominate the whole world. Apart from this, you can easily move your entire food truck setup from one place to another.

What is food truck business?

The system of making and selling food items inside a large vehicle is called food truck business.  Under this trade, the ingredients for making any food item, all accessories and cook are present inside the truck.  For the last few years, the food truck business has been very popular.  The main reason is the creation of a variety of delicious foods, such as sandwiches, hamburgers, French fries, and other regional fast foods.  In this type of business, you can change your location, that is, if your business is running low in one place, then you can easily shift your business to another place.

Organization

B2B involves specific challenges at different stages. At their formation, organizations should be careful to rely on an appropriate combination of contractual and relational mechanisms.^[4] Scholars in strategic management and supply chain management have also noted the role of these governance mechanisms in case of B2B conflicts.^[5] Specific combinations of contracts and relational norms may influence the nature and dynamics of the negotiations between firms.

Matesourcing

"Matesourcing" is the phenomenon where businesses seek business support from family and friends rather than obtaining business services from other businesses on a commercial basis. In 2011, UK business PC World published research commissioned from Trends Research which found that British SME's are increasingly asking family and friends for IT problem-solving and purchasing advice services.^[6]

Business to business model

Vertical B2B model

Vertical B2B is generally oriented to manufacturing or business. It can be divided into two directions -- upstream and downstream. Producers or commercial retailers can have a supply relationship with upstream suppliers, including manufacturers, and form a sales relationship.^[7] As an example, Dell company is working with upstream suppliers of integrated circuit microchips and computer printed circuit boards (PCBs).

A vertical B2B website can be similar to the enterprise's online store.^[7] Through the website, the company can promote its products vigorously, more efficiently and more comprehensively which enriches transactions as they help their customers understand their products well. Or, the website can be created for business, where the seller advertises their products to promote and expand transactions in an intuitive and convenient way.

Horizontal B2B model

Horizontal B2B is the transaction pattern for the intermediate trading market. It concentrates similar transactions of various industries into one place, as it provides a trading opportunity for the purchaser and supplier, typically involving companies that do not own the products and do not sell the products. It is merely a platform to bring sellers and purchasers together online.^[8] The better platforms help buyers easily find information about the sellers and the relevant information about the products via the website.

References

^ Small Business Commissioner role, 26 July 2015, accessed 22 October 2017
^ Bureau, US Census. "2015 SUSB Annual Data Tables by Establishment Industry". www.census.gov. {{cite web}}: |last= has generic name (help)
^ "Fortune 500 2015". Fortune.com. Retrieved 2018-10-18.
^ Poppo, Laura; Zenger, Todd (2002). "Do formal contracts and relational governance function as substitutes or complements?". Strategic Management Journal. 23 (8): 707–725. doi:10.1002/smj.249. ISSN 0143-2095.
^ Lumineau, Fabrice; Henderson, James E. (2012). "The influence of relational experience and contractual governance on the negotiation strategy in buyer–supplier disputes". Journal of Operations Management. 30 (5): 382–395. doi:10.1016/j.jom.2012.03.005. ISSN 1873-1317.
^ Matesourcing IT support could create small business headaches, 25 February 2011, accessed 15 April 2017
^ ^a ^b E-COMMERCE, AN INDIAN PERSPECTIVE. P.T. Joseph, S.J. 2015. pp. 43–45. ISBN 978-81-203-5154-7.
^ E-commerce: Formulation of Strategy. Robert T. Plant. 2000. pp. 26-27. ISBN 0-13-019844-7.

[1] Small Business Commissioner role, 26 July 2015, accessed 22 October 2017

[2] Bureau, US Census. "2015 SUSB Annual Data Tables by Establishment Industry". www.census.gov. {{cite web}}: |last= has generic name (help)

[3] "Fortune 500 2015". Fortune.com. Retrieved 2018-10-18.

[4] Poppo, Laura; Zenger, Todd (2002). "Do formal contracts and relational governance function as substitutes or complements?". Strategic Management Journal. 23 (8): 707–725. doi:10.1002/smj.249. ISSN 0143-2095.

[5] Lumineau, Fabrice; Henderson, James E. (2012). "The influence of relational experience and contractual governance on the negotiation strategy in buyer–supplier disputes". Journal of Operations Management. 30 (5): 382–395. doi:10.1016/j.jom.2012.03.005. ISSN 1873-1317.

[6] Matesourcing IT support could create small business headaches, 25 February 2011, accessed 15 April 2017

[:0-7] E-COMMERCE, AN INDIAN PERSPECTIVE. P.T. Joseph, S.J. 2015. pp. 43–45. ISBN 978-81-203-5154-7.

[8] E-commerce: Formulation of Strategy. Robert T. Plant. 2000. pp. 26-27. ISBN 0-13-019844-7.

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+[https://www.busniessakash.in/2020/05/how-do-i-start-food-truck-business-plan.html?m=1 How to Start Food truck busniess.]
-== Comparison with B2C ==
-The principle difference between B2B and B2C is that the first one refers to commerce transaction between manufacturer and retailer, and the second one it is the retailer supplying goods to the consumer.<ref>{{cite document |last1=Kumar |first1=Vinod |last2=Raheja |first2=Gagandeep |title=Business to business and business to consumer management |citeseerx=10.1.1.299.8382 }}</ref>{{More footnotes|date=March 2016}}
-In B2B there are business people in both sides, but in B2C there are one business person and one consumer. In the first case the decision is pursued by need (because the other business needs it), and in the second case they are expectatives much more than needs.
-B2B have many sellers and different stores, whereas B2C usually have one supplier. B2B is concentrated on raw data for another company, but B2C focus on producing something for consumers.
-When there is a B2B transaction, it entails direct-sourcing contract management, which involves negotiating terms that establish prices and various factors as volume-based pricing, carrier and logistics preferences, etc. B2C transaction is clearer, it has spot sourcing contract management that offers a flat retail rate for each item that has been sold. The time is also a difference, because B2B has a lower process than B2C which is concluded in shorter periods (could be minutes or days).
-Business-to-business needs an upfront investment generally, and business-to-customers does not need a business to spend money on infrastructure.
-The last difference mentioned here is that in B2B they have to deal with back-office connectivity and invoicing a number of different partners and suppliers, meanwhile B2C results in more seamless transactions as options such as cyber-cash allows the business to accept a wider variety of payment options.
-B2B, as there are bigger amounts usually have higher costs than B2C, which are dedicated to daily transactions.
-In B2B the brand the reputation depends on the personal relations between the businesses. On the other hand, in B2C the reputation is fulfilled by publicity and media.
+How to start food truck busniess?
-In many cases, the overall volume of B2B (business-to-business) transactions is much higher than the volume of B2C transactions.<ref>{{cite book | last = Sandhusen | first = Richard | title = Marketing | publisher = Barron's Educational Series | location = Hauppauge, N.Y | year = 2008 | isbn = 978-0-7641-3932-1 | page = 520}}
-</ref><ref>{{cite book | last = Shelly | first = Gary | title = Systems analysis and design | publisher = Course Technology, Cengage Learning | location = Boston, MA | year = 2011 | isbn = 978-0-538-47443-6 | page = 10}}</ref><ref>{{cite book | last = Garbade | first = Michael | title = Differences in Venture Capital Financing of U.S., UK, German and French Information Technology Start-ups A Comparative Empirical Research of the Investment Process on the Venture Capital Firm Level | publisher = GRIN Verlag GmbH | location = München | year = 2011 | isbn = 978-3-640-89316-4 | page = 31}}</ref> The primary reason for this is that in a typical [[supply chain]] there will be many B2B transactions involving subcomponents or [[raw materials]], and only one B2C transaction, specifically the sale of the finished product to the end customer. For example, an automobile manufacturer makes several B2B transactions such as buying tires, glass for windows, and rubber hoses for its vehicles. The final transaction, a finished vehicle sold to the consumer, is a single ([[business-to-consumer|B2C]]) transaction.
+If you want to open a business related to food stuff, then food truck business can help you in capital investment and management as compared to restaurant.  Because neither land is required nor very large staff in it.  The most important thing in this business is that whatever dish you want to sell, it should taste good.  The biggest advantage of starting this business is that in the coming time it will dominate the whole world.  Apart from this, you can easily move your entire food truck setup from one place to another.
+What is food truck business?
+ The system of making and selling food items inside a large vehicle is called food truck business.  Under this trade, the ingredients for making any food item, all accessories and cook are present inside the truck.  For the last few years, the food truck business has been very popular.  The main reason is the creation of a variety of delicious foods, such as sandwiches, hamburgers, French fries, and other regional fast foods.  In this type of business, you can change your location, that is, if your business is running low in one place, then you can easily shift your business to another place.
 == Organization ==