A Platform Business Is Like a Matchmaker in That It

question 45

True/False

A platform business is like a matchmaker in that it can bring together buyers and sellers.An example of a successful platform provider is Facebook.By attracting and retaining users through expanding services it differentiates itself from more narrowly-focused competitors such as Twitter.

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Definitions:

Dyadic Effect

The reciprocal nature of self-disclosure: “You disclose to me, and I’ll disclose to you.”

Self-Disclosure

The act of revealing personal information to others, which can strengthen relationships but also entails risk of vulnerability.

Relational Dialectics Theory

Theory that views relational development as the management of tensions that pull us in two directions at the same time (connection-autonomy; predictability-novelty; openness-closedness).

Tensions Management

The process of dealing with and balancing various opposing forces or elements within personal or professional contexts, aiming to reduce conflict and maintain stability.