EBay is an on the internet public auction company that was established in 1995. It provides a safe home where consumers from all over the globe can come together to engage in business. There are two primary issues faced by eBay that it is trying to address. The first and most obvious of which are competitors. Just like practically every industry, there are other players that want a piece of that industry. The second issue has to do with the perception of risk in buying from sales. Because, for the most part, all the providers are unknown to the customers, they cannot be completely sure that the supplier is genuine. Although it is easy for opponents to enter the industry, because of eBay’s great item identification, it makes it difficult for these new newcomers to be effective. Because there are not many limitations to access, the risk of competitors is great. There are few opponents that have grown large enough to competing eBay but they do cause a risk. The risk from providers and customers is little because of the company structure that eBay uses. The risk of alternati...
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Imagine an older, online business where everyone was happily buying and selling from it. People are auctioning off valuables and goods while buying a range of items for a cheaper price. It stays this way on the same black and white website to this very day. EBay has been around since it was “Formed as a sole proprietorship in September 1995," via California. Its platform is meant to allow buyers and sellers with internet access to connect globally. It determines its success by the success of the people buying and selling through it. Unfortunately, today more people are choosing other online sellers. These competitors, similar to eBay, have bolder advertisements, offer well-matched bargains, as well
Ebay is an American corporation with an online auction and shopping website that allows people to engage in the business of selling and buying goods. It is headquartered in San Jose California, and is a multi-billion dollar company managed in thirty countries. Many people mistake ebay.com for a free website, but that is false. Ebay makes money by charging an invoice seller fee on the basis of if they have sold or listed any items.
...ount of untrustworthy and reliable sellers. EBay could counteract this problem by implementing a strategy where eBay would have the authority to terminate a user’s account if their rating in percentage dropped below 60%. This strategy may help the organisation to reduce the amount of unreliable seller resulting in a much more safer and reliable market platform where people would be able to purchase products at ease without any hassle.
“EBay Inc. is an American multinational internet consumer-to-consumer corporation, headquartered in San Jose, California. It was founded in 1995, and became a notable success story of the dot-com bubble; it is now a multi-billion dollar business with operations localized in over thirty countries. The company manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. EBay offers different opportunity to its customers to purchase an item. In fact, they also included the possibility of purchasing a product instantly with the option “Buy it now”. The major auction for the company is basically to offer a concept of purchasing and selling products online.” (Profile: eBay, Inc, 2014)
A man named Bezos started amazon.com. He wanted to create a way to use the internet to buy products fast. The company was incorporated in 1994 and the first website was created in July 1995 (Kerin, Hartley 430). The company business sales grew rapidly and they began to expand. Today they don 't just do third-party selling they make their own products. From the amazon fire-stick to the amazon fire TV. This company is now offering a wide range of products for a cheaper price. The goal of the company is “Earth’s customers-centric company, where customers can find and discover virtually anything they might want to buy online” (Kerin, Hartley 430).
...e has been registering products on its platform for a long-time, but has assembled out a far-reaching offering with its search results called Google Shopping. And it’s placing advertisements on these product listings by merchants, which takes away promotion dollars and consumer shopping dollars from Amazon. In addition, minor competitors like Groupon are getting concentrated traction in their own e-tailing endeavors with Groupon Goods” (Faruk, 2013).
Ecommerce is the process of buying and selling of goods and services using internet, it can be done anytime anywhere without considering time variance between countries and places. Any ecommerce step either purchase or sale should be legally straightforward. You receive money from the customer for a certain sale based on delivering the purchased product on time and with specified quality (Siassios, 2015).
The objective of this case study is to outline and provide a brief overview of Amazon.com’s (Amazon) mission, strategic direction, core competencies, relied technologies and their future impact of new technologies, and how management and use of consumer data will impact future business.
Internet auction fraud is the use of the internet for an online transaction between a buyer and a seller to use deceptive means to defraud the buyer which includes failure to deliver merchandise, intentionally delivering defective merchandise, or delivering merchandise that was promised or purchased of lesser quality than mentioned. Auction fraud can happen on places such as Ebay, where the potential auction fraud is high. Especially for sellers over-seas. I have even been a victim of auction fraud. If one is not careful and is able to research who they are buying from to confirm they are a legitimate seller, then they are subjecting themselves to fraud. Some of the things, such as Ebay, has in process is a strong investigative team to investigate any cases of fraud reported, though it takes time. Other things in place are disclaimers warning people of fraud and what to do if they find themselves in a fraudulent situation.
E-commerce or electronic commerce is carrying out business communications and transactions through computers and over networks. It involves buying and selling of goods and services through digital communication. E-commerce also includes transactions on the World Wide Web and the Internet and means such as electronic funds transfer, smart cards and digital cash. E-commerce covers outward facing processes that interact with customers, suppliers and external partners such as sales, marketing, delivery, customer service, purchasing of raw materials and supplies for production.
E-commerce means that the company runs their business online, not like the traditional business way. We have to go the shopping mall or store to get goods that we need, E-Business is the enabling of electronic communication between any two or more participants in a business relationship. It helps companies capture abroad business field, cost saving, and market opportunity. E-commerce is an important factor that is making people’s lives more efficient.