Buyline Is an E-Commerce Web Site

question 87

Multiple Choice

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)social networking site
• B)group buying platform
• C)peer-to-peer e-commerce platform
• D)participatory e-commerce site

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Definitions:

Valence

In psychology, the intrinsic attractiveness(positive valence) or averseness(negative valence) of an event, object, or situation.

Cohesion

The degree to which members of a group or society stick together and remain united in pursuit of common goals.

Equilibrium

A state of balance or stability within a system, organism, or environment, where competing elements are in harmony.

Group Processes

The dynamics and patterns of interaction and behavior within a group setting, influencing the group's structure and function.