shared purchasing
nounUK /ʃeəd ˈpɜːtʃəsɪŋ/
US /ʃerd ˈpɜːrtʃəsɪŋ/
Shared purchasing is when people buy things together to get a better price.
The neighbors used shared purchasing to buy a big box of soap for everyone.
RELATED WORDS
OTHER MEANINGS
2. A business arrangement where companies combine orders to lower costs.
The two schools saved money through shared purchasing of office supplies.
3. A way for families to split the cost of large items.
Shared purchasing let the cousins afford one big trampoline together.
4. Buying something together online with friends to unlock a deal.
They did shared purchasing on the app to get free shipping.