Amazon Is An American E Commerce Company Essay - 1639 Words

1. Introduction The company I selected is Amazon, Inc.com and it’s considered the â€Å"everything store†. It supply’s consumers with low prices from supplying vendors at a cheaper shipping rate included because of the companies contracts with United States Postal Services and UPS. Amazon is an American e-commerce Company that offers a wide range of products and services via its online website or apps on any electronic device. The company manufactures and sells various electronic devise to its consumers, including Fire tablets, Kindle e-readers, Fire TV’s, Echo and Fire phones. On top using robots in its warehouses around the country Amazon streams videos or movies, offers customers a prime membership at an annual rate, free two day shipping, prime pantry, and an Amazon rewards credit card. Amazon is a publicly listed company and has a ticker symbol, AMZN on NASDAQ Stock Exchange. The online retail store is considered under a Catalog Mail Order House industry. Amazo n has a SEC-10K, or Securities and Exchange Commission, which an entity that has major responsibilities for looking after the economy by keeping corporations and businesses true internal integrity. Each company must file their financial reports to the SEC and have a chance of being audited by the PCAOB, or Public Company Accounting Oversight Board; Amazon Inc. com is one of those businesses. The bases for an audit is the conditions of quarterly projections that change in regards to Amazon’s earnings, cash flow,Show MoreRelatedBackground. Today, People Are Engaging In E-Commerce More1742 Words   |  7 PagesBackground Today, people are engaging in e-commerce more than ever. Traditionally American consumers shopped exclusively in local businesses and specialty mom and pop stores. These stores are essentially smaller, independently owned and operated businesses that have little influence on the market. Small businesses occupy several areas of business including retail, services, wholesaling and manufacturing. The growing acceptance of the Internet and e-commerce in the early 1990’s changed the way peopleRead MoreAmazon Inc. An American International Electronic Commerce Company1299 Words   |  6 PagesAmazon.com Inc is an American international electronic commerce company that started off as an online book store under the old name of cadabra.com. Under the direction of Jeff Bezos, who incorporated the company in 1994, Amazon quickly expanded their scopes by selling various other items, besides just books, in order to create its now famous brand name. Today, Amazon sells â€Å"everything fro m A to Z,† hence the brand name, and has taken control of the online shopping market as the world’s leading onlineRead MoreCase Study : A Customer Centric Company Essay1700 Words   |  7 PagesA Customer-Centric Company Amazon.com Incorporated is company whose retail business is done exclusively online, formally known as electronic commerce or e-commerce. It was the book category that first caught the attention of founder Jeff Bezos, who realized that a Web store could offer more book inventory than an actual shop could offer (Cuneo, 2000). The idea was born and Amazon, a customer-centric company was created. Customer-centric is an approach that allows businesses to drive profitsRead MoreDisadvantages Of E Commerce1457 Words   |  6 PagesThanks to development technology, e-commerce, which has revolutionized nearly every industry in the world has become more and more popular and effect on a business and people (Bandyo-Padhyay, N. 2002). 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To accomplish this, looking at Amazon’s past behaviors, as well as conducting a PESTEL analysis, analyzing Porter’s Five Forces, and a SWOT Analysis as it pertains to Amazon will give further clarity on their position in the e-commerce ma rket. Although initially, Amazon was an online bookRead MoreAnalyzing Amazon s Market Situation1611 Words   |  7 Pagesway for customers to shop for groceries, providing more convenience. In a contemporary society, especially in Toronto, people have a very busy lifestyle due to today’s stressful work lifestyle. From research completed in 1999, more than 25 million Americans, almost 20.5 percent of the total workforce, reported that they worked at least 49 hours a week, and 11 million of those said they worked more than 59 hours a week (Schabner, 2015). Today, this condition is not improved. Therefore, Amazon’s drive-thruRead MoreIndustry Prospects And Attractiveness : Amazon Prime Service Gaining Subscribers1636 Words   |  7 PagesIndustry Prospects and Attractiveness Amazon Prime Service Gaining Subscribers Last year in 2014, Amazon Prime subscriptions increase by an exceptional at 53%, with its stronger growth across the global markets than within the U.S. An estimate of Prime subscribers could be around 35 to 40 million globally at the end of 2014. What special about it is the subscription offers free shipping along with unlimited access to video contents. It could be comparable to Netflix and that streaming content isRead MoreCompany History And Overview Of Amazon.com, Inc.1488 Words   |  6 PagesCompany History and Overview Amazon.com, Inc. (Amazon.com), incorporated on May 28, 1996, is an American electronic commerce company with headquarters in Seattle, Washington and is the largest Internet-based retailer in the United States (Ungar, 2014). 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