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:

Adaptable

Capable of being adjusted to new conditions or environments.

Small Amounts

Minimal quantities or volumes of a substance or entity, often insufficient to have a significant impact.

Crops

Cultivated plants or agricultural produce, such as grains, vegetables, or fruits, grown for food, fuel, feed, or fiber.

Tubing

Hollow cylinders made from various materials used for transporting fluids, gases, or as structural components in different applications.