Retailing2011-07-23
What is Group Buying? Buy Buying Groupon LivingSocial deals WagJag YouSwoop Coupons Discounts Daily Deals Description: What is Group buying? Group buying or a Group Buy (also know as a Daily Deal) is essentially getting a quantity discount (between 50% and 95% off) from a particular vendor for pre-buying (or pre-ordering) the vendor’s products/services alongside numerous other people that are interested in the same vendor. Websites like Groupon and LivingSocial bring together people via the internet and social networks to create this bulk buying power. Just as long as a minimum number of people commit to purchase the vendor’s products/services for the predetermined (discounted) price, all the people receive th...
Catalog: Retailing @ Services
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URL: www.groupbuyshare.com 
Last modified: 2011-07-23 10:20:52
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