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:

Biologically Determined

Traits, characteristics, or behaviors that are influenced or controlled by genetic factors.

Culturally Determined

Aspects, behaviors, or beliefs that are shaped or influenced by the cultural context in which an individual exists.

Cultural Heritage

The legacy of physical artifacts and intangible attributes of a group or society passed on from generation to generation.

Parenting Styles

Describes the approaches parents use to raise their children, often categorized into authoritative, authoritarian, permissive, and neglectful styles.