Meaning of metamediary | Babel Free

Definitions

A person or business that helps consumers obtain goods and services from suppliers within a metamarket, as well as offering services such as advice, financing, and so on.

Examples

“A new breed⟳ of intermediate institutions is emerging to inform⟳ and advise⟳ customers, and to simplify⟳ their dealings with product and service providers. These metamediaries dramatically improve⟳ the efficiency and effectiveness of transactions in the Networked Economy. Metamediaries also redraw the boundaries of markets by creating metamarkets, which have⟳ no parallel in the physical world.”

“A metamediary provides a multivendor, multiproduct marketplace. The metamediary also provides multiple services—such as payment settlement, fulfillment, quality assurance, and procurement management. The use⟳ of a metamediary is likely if recovery of products is managed by a number⟳ of independent firms --as oppoesed to the OEM (original equipment manufacturer).”

“The Knot (www.theknot.com) and Ceremonie (www.ceremonie.com) are metamediaries for the bridal market (all you need⟳ for organising a wedding ceremony).”

CEFR level