Collective buying power

Collective buying power is a coming together of a group of consumers and the use of the old rule of thumb, there's power in numbers, to leverage the group size in exchange for discounts. ^[1]

7 relations: Behavioral economics, Business plan, Dentistry, Purchasing power, Rule of thumb, Warehouse club, Win-win game.

Behavioral economics

Behavioral economics studies the effects of psychological, cognitive, emotional, cultural and social factors on the economic decisions of individuals and institutions and how those decisions vary from those implied by classical theory.

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Business plan

A business plan is a formal statement of business goals, reasons they are attainable, and plans for reaching them.

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Dentistry

Dentistry is a branch of medicine that consists of the study, diagnosis, prevention, and treatment of diseases, disorders, and conditions of the oral cavity, commonly in the dentition but also the oral mucosa, and of adjacent and related structures and tissues, particularly in the maxillofacial (jaw and facial) area.

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Purchasing power

Purchasing power (sometimes retroactively called adjusted for inflation) is the number and quality or value of goods and services that can be purchased with a unit of currency.

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Rule of thumb

The English phrase rule of thumb refers to a principle with broad application that is not intended to be strictly accurate or reliable for every situation.

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Warehouse club

A warehouse club (or wholesale club) is a retail store, usually selling a wide variety of merchandise, in which customers may buy large, wholesale quantities of the store's products, which makes these clubs attractive to both bargain hunters and small business owners.

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Win-win game

A win–win game is a game which is designed in a way that all participants can profit from it in one way or the other.

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References

[1] https://en.wikipedia.org/wiki/Collective_buying_power

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