Group buying, also known as collective buying, is a type of e-business model that enables consumers to purchase products or services in bulk at discounted prices. It is a form of e-commerce that allows multiple buyers to join together to purchase a product or service at a lower price than what is typically offered. Group buying is often used to purchase items such as electronics, clothing, and travel packages. Group buying is a popular way for businesses to increase sales and attract new customers. It is also a great way for consumers to save money on products and services. Group buying sites often offer exclusive deals and discounts that are not available elsewhere. Group buying is a growing trend in e-commerce, with many companies offering group buying services. Examples of companies in the market include Groupon, LivingSocial, and BuyWithMe. These companies offer discounts on a variety of products and services, from electronics to travel packages. Show Less Read more
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