Question

Buyline is an e-commerce Web site. It has come up with a promotional offer where buyers get a 60 percent discount on refrigerators if a minimum of 100 buyers agree to buy the product within 24 hours of the offer being announced. In this case, it is evident that BuyLine is a _____.
a.peer-to-peer e-commerce platform
b.social networking site
c.participatory e-commerce site
d.group buying platform

Answer 1

Answer:

D. Group buying platform

Explanation:

Group buying platform  is a kind of  online buying platform that  offers products and services at significantly reduced prices on the condition that a specific  number of buyers would make the purchase.  In group buying, a minimum number of buyers that are expected to make purchase are clearly stated and it usually has a time frame