log insign upgroup buying
noun
- A purchase method where multiple individuals unite to buy products or services together, often resulting in reduced prices or better deals due to collective bargaining power.
Many people participate in group buying to save money on bulk purchases, making it easier to afford high-quality products together.
Start tacking to remember the definition of "group buying" the next time you hear it or read it.
Discussion
2 comments
The term ‘group buying‘ refers to a purchasing method where multiple individuals come together to buy products or services at a discounted rate. The concept emerged in the early 2000s with the rise of online platforms that facilitated collective purchasing. The etymology of ‘group buying‘ can be traced to the combination of ‘group,‘ which signifies a collection of individuals, and ‘buying,‘ which refers to the act of purchasing. The idea gained notable traction with the advent of websites and apps designed to aggregate buyers for deals, leading to its popularization in the realm of e-commerce.
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