Creation of utilities or delivering value requires a business to interact with a number of other business firms which is known as ___________.

B2B

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B2C

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G2B

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Intra-B

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Solution

The correct option is A B2B
Business to Business refers to a situation when one business firm makes a commercial transaction with another firm. For example: a chips manufacturing business enterprise communicates with salt manufacturing business firm so as to deliver its own product in the market.

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Similar questions

When two or more firms come together to create a new business entity that is legally separate and distinct from its parents is known as

(a) Contract manufacturing

(b) Franchising

(d) Licensing

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