Author Topic: Groupon (Group Coupon) / group buyer  (Read 1189 times)

Offline daimond

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Groupon (Group Coupon) / group buyer
« on: September 03, 2011, 11:33:53 pm »
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Groupon (a portmanteau derived from "group coupon") is a deal-of-the-day website that features discounted gift certificates usable at local or national companies.


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The company offers one "Groupon" ("group coupon") per day in each of the markets it serves. The Groupon works as an assurance contract using ThePoint's platform: if a certain number of people sign up for the offer, then the deal becomes available to all; if the predetermined minimum is not met, no one gets the deal that day.


http://en.wikipedia.org/wiki/Groupon


so this are a group buyer, a collection person to buy something and create the discount when they reach certain limit so other people would able to buy in same price.

it's very intersting development.

 


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