GroupPurchase

Group purchase refers to a buying arrangement where a group of individuals come together to purchase a product or service, usually to secure better pricing or discounts. By pooling their resources, participants can leverage collective bargaining power, often obtaining lower prices than if they were to buy individually. This approach is common in various contexts, such as community group buying for groceries, bulk orders for office supplies, or travel packages. Group purchases can benefit all members involved by reducing costs while promoting teamwork and collaboration within the group.