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Business-to-government
Business-to-government (B2G),Market Business NewsWhat is B2G or business-to-government? Definition and examples accessed 31 August 2020 also known as business-to-administration (B2A), refers to trade between the business sector as a supplier and a government body as a customer. Public-sector organizations generally post Call for bids, tenders in the form of request for proposals, requests-for-proposals, Request for information, requests-for-information, Request for quotation, requests-for-quotations, and Sources sought, sources-sought, to which private suppliers respond. Business-to-government networks provide a platform for businesses to bid on government opportunities that are presented as solicitations, in the form of requests-for-proposals, through a reverse auction. B2G includes the segment of business-to-business marketing known as Public Sector Marketing, ''public sector marketing'', which encompasses marketing products and services to various government levels—Local gover ...
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Business Sector
In business, the business sector or corporate sector - sometimes popularly called simply "business" - is "the part of the economy made up by company, companies". It is a subset of the Sovereign state, domestic economy, excluding the economic activities of general government, of private households, and of non-profit organizations serving individuals. An alternative analysis of economies, the three-sector theory, subdivides them into: * the primary sector of the economy , primary sector (producing raw materials) * the secondary sector of the economy , secondary sector (carrying out manufacturing) * the tertiary sector of the economy , tertiary sector (providing sales and services) In the United States the business sector accounted for about 78 percent of the value of gross domestic product (GDP) . Kuwait and Tuvalu each had business sectors accounting for less than 40% of GDP . The Oxford English Dictionary records the phrase "business sector" in the general sense from 1934 ...
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State Of California
California is a state State may refer to: Arts, entertainment, and media Literature * ''State Magazine'', a monthly magazine published by the U.S. Department of State * The State (newspaper), ''The State'' (newspaper), a daily newspaper in Columbia, South Carolina, Un ... in the Western United States The Western United States (also called the American West, the Far West, and the West) is the region In geography Geography (from Greek: , ''geographia'', literally "earth description") is a field of science devoted to the study of the .... With over 39.3million residents across a total area of approximately , it is the most populous and the third-largest U.S. state by area. It is also the most populated subnational entity Administrative division, administrative unitArticle 3(1). , country subdivision, administrative region, subnational entity, first-level subdivision, as well as many similar terms, are generic names for geographical areas into which a part ...
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E-commerce
E-commerce (electronic commerce) is the activity of electronically buying or selling of Product (business), products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Online advertising, Internet marketing, online transaction processing, electronic data interchange (EDI), Inventory management software, inventory management systems, and automated data collection systems. E-commerce is in turn driven by the technological advances of the semiconductor industry, and is the largest sector of the electronics industry. E-commerce typically uses the World Wide Web, web for at least a part of a transaction's life cycle although it may also use other technologies such as Email, e-mail. Typical e-commerce transactions include the purchase of products (such as books from Amazon (company), Amazon) or services (such as music downloads in the form of digital distribution such as iTunes Store). T ...
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Marketing
Marketing is the process of intentionally stimulating demand for and purchases of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to emphasize in advertising; operation of advertising campaign Advertising is a marketing Marketing is the process of intentionally stimulating demand for and purchases of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to emphasi ...s; attendance at trade show A trade fair (trade show, trade exhibition, or trade exposition) is an exhibition organized so that companies A company, abbreviated as co., is a legal entity In law, a legal person is any person A person (plural people or persons) i ...s and public events; design A design is a plan or specification for the construction of an object or system or for the implementation of an activity or process, or the result of that plan or spec ...
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Industrial Marketing
Industrial marketing (or business-to-business marketing) is the marketing Marketing is the process of intentionally stimulating demand for and purchases of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to emphasize in advertising; operation of adv ... of goods and services by one business to another. Industrial goods are those an industry of uses to produce an end product from one or more raw materials. The term, ''industrial marketing'' has largely been replaced by the term ''B2B'' marketing (i.e. business to business marketing). Origins and usage Historically, the marketing discipline made a distinction between industrial marketing and consumer goods marketing. During the 1980s, businesses shifted from industrial marketing to business marketing. Within a decade, the term business marketing had largely displaced industrial marketing. By the late 1990s, the term, ''B2B marketing,'' came into widespread u ...
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Hit Rate
Hit rate is a metric or measure of business performance traditionally associated with sales. It is defined as the number of sales of a product divided by the number of customers who go online, planned call, or visit a company to find out about the product. Sales can be measured either as the sum of dollars pursued or the number of deals pursued. Accurate calculation requires clear definition of when a sales opportunity is firm enough to be included in the metric, as well as firm disposition of the opportunity (i.e. the deal has reached a point where it is considered won, lost or abandoned). The hit rate may be measured for the whole sales force or by sales region, sales person or product group. It may be used to benchmark the different sales periods and to benchmarking, benchmark the effectiveness of the own sales force with other companies of the same sector. Due to the high costs involved with making proposals the hit rate is a very useful tool especially for companies in indus ...
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Business-to-business
Business-to-business (B2B or, in some countries, BtoB) is a situation where one business makes a commercial transaction with another. This typically occurs when: * A business is sourcing materials for their production process for output (e.g., a food manufacturer purchasing salt). Example: Providing raw material to the other company that will produce output. * A business needs the services of another for operational reasons (e.g., a food manufacturer employing an accountancy Accounting or Accountancy is the measurement ' Measurement is the number, numerical quantification (science), quantification of the variable and attribute (research), attributes of an object or event, which can be used to compare with other obj ... firm to audit An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.” Aud ...
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General Services Administration
The General Services Administration (GSA) is an Independent agencies of the United States government, independent agency of the United States government established in 1949 to help manage and support the basic functioning of federal agencies. GSA supplies products and communications for U.S. government offices, provides transportation and office space to federal employees, and develops government-wide cost-minimizing policies and other management tasks. GSA employs about 12,000 federal workers. It has an annual operating budget of roughly $33 billion and oversees $66 billion of procurement annually. It contributes to the management of about $500 billion in U.S. federal property, divided chiefly among 8,700 owned and leased buildings and a 215,000 vehicle fleet vehicle, motor pool. Among the real estate assets it manages are the Ronald Reagan Building, Ronald Reagan Building and International Trade Center in Washington, D.C.—the largest U.S. federa ...
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US Federal Government
The federal government of the United States (U.S. federal government or U.S. government) is the national government of the United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ..., a federal republic A federal republic is a federation A federation (also known as a federal state) is a political entity A polity is an identifiable political entity—any group of people who have a collective identity, who are organized by some form of I ... in North America North America is a continent A continent is any of several large landmasses. Generally identified by convention (norm), convention rather than any strict criteria, up to seven geographical regions are commonly regarded as continen ..., composed of 50 states State may refer to: Arts, ...
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Grandfather Clause
A grandfather clause (or grandfather policy, grandfathering, or grandfathered in) is a provision in which an old rule continues to apply to some existing situations while a new rule will apply to all future cases. Those exempt from the new rule are said to have ''grandfather rights'' or ''acquired rights'', or to have been ''grandfathered in''. Frequently, the exemption is limited; it may extend for a set time, or it may be lost under certain circumstances. For example, a grandfathered power plant A power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the generation A generation is "all of the people born and living Living or The Living may refer to: ... might be exempt from new, more restrictive pollution laws, but the exception may be revoked and the new rules would apply if the plant were expanded. Often, such a provision is used as a compromise To compromise is to make a deal between ...
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