B2C (Business-to-Consumer)
What is B2C?
B2C, or Business-to-Consumer, refers to companies that sell products or services directly to individual consumers. Unlike B2B transactions, B2C sales often involve smaller order values and quicker decision-making processes. E-commerce websites, retail stores, and subscription services are common examples of B2C business models.
Advantages of the B2C Model
- Broad Market Reach: B2C businesses can target large audiences and tap into consumer trends.
- Quick Sales Cycles: Purchases are typically made quickly, leading to faster revenue generation.
- Direct Consumer Feedback: Allows businesses to get immediate responses from customers and adapt to their needs.
Related Terms and Concepts
E-commerce, consumer behavior, digital marketing, customer lifetime value