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Lubov Fominskaja [6]
3 years ago
12

Buyline is an e-commerce Web site. It has come up with a promotional offer where buyers get a 60 percent discount on refrigerato

rs 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 _____.
Business
1 answer:
Svetradugi [14.3K]3 years ago
0 0

Answer:

Group buying platform

Explanation:

Group buying platform is also known as collective buying and is when the prices of goods and services are significantly reduced on the condition that a minimum number of buyers make purchase.

Usually there is a deal of the day displayed that is activated when the minimum number of buyers has been reached.

In this scenario Buyline has 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.

This is a group buying platform

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