Simple terms you should know in financials
B2B ------------------------------------- This term is very frequent in the ERP, its refer to the transactions done by one business entity to other business entity. Like a tv manufacturing company is buying chip-set from one company and picture tubes from other company. These all are the example of the B2B transactions. B2C ------------------------------------- This term is less frequent in business world but irony is revenue comes from these transactions only. B2C refers to the transactions done between a legal business unit and customer. Like selling a tv to customer. B2G --------------------------------------------- Its refers to the transactions done between the businsess entity and Government. Simple terms its refers when a business entity do business with the government, or when customer of the business unit is government. Now question may come B2C and B2G are almost same, yes both are almost same but the way business in these two handles are totally different. Wh