Question

Which of the following scenarios best exemplifies a platform business?Devin purchases electronic parts from a variety of vendors and assembles them intoinexpensive MP3 players that he sells to consumers.Myra operates an industrial test kitchen in which local growers bring their produce to localchefs, who use the kitchen to try new recipes and determine which produce to buy.Raul operates a consulting firm in which businesses hire him to assess deficiencies in theirorganizational culture.Gena founded a bike-based transportation company that offers environmentally-friendlyrides to customers within a 25-mile radius

Answer 1

The example of a platform business is Myra’s test kitchen.

A platform business is one that facilitates exchanges between two or more groups. In this example, Myra is facilitating the exchanges between local growers and local chefs. In all of the other examples the business is selling their goods or services, which is not a platform business.