Online Marketplace
Content
Definition
An Online Marketplace is a platform that connects buyers and sellers over the internet, facilitating transactions of goods and services.
Usage and Context
Frequently asked questions
- What defines an online marketplace? An online marketplace is defined as a digital platform where multiple sellers list their products or services for sale, and buyers can browse, compare, and purchase these offerings.
- What platform connects buyers and sellers? Platforms like eBay, Amazon, and Etsy connect buyers and sellers, allowing them to transact goods and services online.
- Is a marketplace a platform? Yes, a marketplace is a type of platform that facilitates transactions between buyers and sellers, offering a centralized space for commerce.
Benefits
Online marketplaces offer convenience, a wide range of products, competitive pricing, and the ability to reach a broad audience, benefiting both buyers and sellers.
Conclusion
An Online Marketplace is a digital platform that connects buyers and sellers, facilitating the easy transaction of goods and services and offering various benefits for both parties.
