Definition, Meaning & Synonyms
consumer-business
noun
/kənˈsjuːmə(r) ˈbɪznəs/
Definition
A consumer-business refers to a type of commerce that directly involves the relationship and transactions between businesses and individual consumers.
Examples
- The rise of e-commerce has transformed the consumer-business landscape.
- Many startups focus on creating innovative consumer-business models to reach new customers.
- Understanding consumer-business dynamics is essential for effective marketing strategies.
Meaning
This term emphasizes the interaction where businesses provide goods or services to end-users, typically seen in retail or service industries.
Synonyms
- Consumer-directed commerce
- B2C (Business-to-Consumer)
- Retail sector
