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.

---

Definitions:

Imaginal

Imaginal pertains to the use of imagination or visualization techniques, often employed in therapeutic settings to explore scenarios or rehearse coping strategies.

Covert Self-reinforcement

A psychological technique in which individuals reward themselves in subtle, often non-materialistic ways, to positively reinforce their own behavior.

Overt Self-reinforcement

A process in which an individual openly rewards themselves for a behavior, aiming to increase the likelihood of its recurrence.

Self-reward Programs

Techniques or strategies where individuals give themselves rewards for meeting goals or completing tasks to motivate behavior change.