4 ms·
For each product needing to be rated, there's one seller and potentially many buyers. Sellers need to convince buyers to buy their product. Sellers need to get
by oarsinsync 7y ago
For each product needing to be rated, there's one seller and potentially many buyers.
Sellers need to convince buyers to buy their product. Sellers need to get their product rated in order to appeal to buyers. It's a one time cost to the seller to appeal to a large amount of buyers, and the higher the rating, the larger the pool of potential buyers.
Flip it around. How do you coordinate enough buyers together to pay for rating all the potential products out there to buy?
- gingabriska 7y agoYes, you are right. Also because rating can't be kept private, so there is no reason for any buyer to subscribe and then rating agency isn't viable.