Upstream and downstream businesses explained

What are usptream and downstream businesses and what does that mean? An upstream business is a business that is often the most likely point of contact in a business transaction whereas a downstream business is more likely to be contacted later on in the transaction. It is important for downstream businesses to build relationships with upstream businesses so that they can receive referrals from them. It is also important for upstream businesses to develop strong connections with downstream businesses so that the downstream businesses and properly serve the clients of the upstream businesses for services outside of their scope. Magnaltus Instagram: https://www.instagram.com/magnaltus/ #business #businessmanagement #businessstartup