Business to Business Electronic Markets
Key Figures
Figures are published for NAICS 42511 directly.
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Official definition
This industry comprises business-to-business electronic markets bringing together buyers and sellers of goods using the Internet or other electronic means and generally receiving a commission or fee for the service. Business-to-business electronic markets for durable and nondurable goods are included in this industry.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain. Census publishes this definition under NAICS 425110, the only detailed industry in this group.
Which code does this activity belong in?
Business-to-business electronic markets bring together buyers and sellers using Internet or electronic means, earning revenue through commissions or fees on transactions. The boundary between this industry and wholesale trade agents and brokers lies in the technology platform and transaction mechanism. Electronic markets operate digital marketplaces that facilitate direct connections between multiple buyers and sellers online, while wholesale trade agents and brokers typically negotiate transactions on behalf of principals without necessarily operating an electronic platform dedicated to bringing parties together.
Written for NAICS 425110, the only detailed industry in this group.