Business transaction
Business transaction (hereinafter, the Transaction) is any movement of assets and liabilities between two legal entities. Most of the Transaction are financial transactions; however, financial transactions may also include movements of assets and liabilities within one legal entity.
Nature
The Transaction may have various natures such as:
- A sale or procurement, lease, assignment, award by chance, any other acquisition or transfer of a product;
- Transmitting of funds over an electronic network or physically.
Types
- Business-to-consumer (B2C). (1) The Transaction of sale and purchase in which a business sells its products directly to individual customers and end consumers; (2) A situation in which a business targets individual customers with its products.
- Business-to-business (B2B). (2) The Transaction of sale and purchase in which the vendor and consumer are both businesses, not end consumers; (2) A situation in which a business targets other businesses with its products.
- Business-to-government (B2G). (1) The Transaction of sale and purchase in which a business sells its products to the government; (2) A situation in which a business targets the government with its products.
- Business-to-employee (B2E). (1) The Transaction of sale and purchase in which a business sells its products directly to its employees; (2) A situation in which a business targets employees with its products.
