Amazon : The Key Points Of Why Is Amazon

Amazon is the largest internet-based retailer in the world. This American electronic commerce and cloud computing company. Amazon stock logged a massive gain of 118%, last year in the stock market. Amazon was able to post more than $100 billion in sales last year. The fact is that the company has major competitive

Amazon (AMZN) is a multi-national company that offers a large range of products, from food to clothing, through its website. The company was incorporated in May of 1996 and has three major divisions; North America, International, and Amazon Web Services (AWS). Amazon North America focuses on selling customer products through a B2B and B2C format. Using Amazon.com, individuals can advertise a variety of products for sale, and another consumer can buy the products right off the webpage. Most of us are familiar with how Amazon works and what distinguishes it from its many competitors. Currently, Amazon has expanded from solely ecommerce to technology. Most recently they have released household products such as Amazon Echo, Amazon Fire Stick and the Amazon Dash button.

Amazon or also known as amazon.com, found in 1994, is an American e-commerce and cloud computing company. Jeff Bezos was the founder and he was from Seattle, Washington. Based on market capitalization and total sales, it is the largest online retailer. It initially started off as an online bookstore. Then later it diversified to many other products covering almost all markets ranging from electronics, computers, apparels, food, furniture, toys etc.

Amazon, Inc. is considered to be the leading online retailer in the world today with a platform of sale for over 40 different goods categories ranging from machine/motor auto parts, books, groceries and electronics. Apart from this, the large organization also has a platform for internet technology and ecommerce, a platform for internet advertising, a platform for logistics and fulfilment, an internet incubator for startups, and a search technology. The company was started in Seattle, America back in the year 1994 in July by Jeff Bezos, who was a former New York investment banker. Before Amazon achieved its great success, it was the original idea of Jeff to start a bookstore to sell books online. The company has tremendously advanced from an online bookstore to a globally known online Wal-Mart where many products are sold such as Hardware and Tools, games and toys, Cookware and Music CDs. Amazon gross sales over the years have shown the company’s incredible growth with revenues back in 1997 being $150 million growing over $100 billion today (Kargar, 2004; Mellahi & Johnson, 2000).

Amazon.com Inc. has been known as one of the fastest growing retailers around the world. During 2013, the company has achieved US$74.4 billion of net sales revenue. Compared to 2012, Amazon’s net sales revenue has increased by 22%. The company’s sales revenue exceeds its competitor, e-Bay, by US$58.4 billion or 364%. Besides sales revenue, Amazon is also the largest online retailer in terms of market capitalization. Market capitalization is the total dollar market value of all of a company 's outstanding shares. As of the close of August 2014, the market capitalization of Amazon is approximately US$156.6 billion, which surpasses e-Bay by US$87.6 billion or 127%. Although some online retailers have closed down during financial crisis from 2008 to 2009, the company still survives with a positive performance during the difficult times. Since Amazon becomes a publicly traded company in 1997, the company has developed robust financial conditions.

Amazon.com is an On-line retailer of, originally, books. The company was established as a micro enterprise in the US in 1994. Since then it has enjoyed rapid expansion in all aspects of its operations, including business turnover, and a spectacular rise in share value since public floatation in 1997. New on-line sites based in Germany and UK and a distribution center in Amsterdam were established in 1998 to cater for European markets. On August 30, 2000 Amazon.com launched its third site outside the US, Amazon.fr in France. Amazon.com sells only on-line and is essentially an information broker. It holds a relatively small, though increasing, inventory and outsources most aspects of its operations. Almost every aspect of amazon

Operating from a 400-square foot office in Seattle, Jeffrey launched Amazon.com on the Internet in July 1995. Amazon.com vision is to use the Internet to transform book buying into the fastest, easiest, and most enjoyable shopping experience possible (Quittner, 2008).

Amazon.com was founded by Jeff Bezos in 1994 in his own personal garage. Name after the largest river in South Africa, the Amazon River, Bezos knew he could create a retail website that would not have any limitations by first selling books to his consumers online and later diversifying his inventory. The online website launched on July 16, 1995 and in time, Amazon has become one of the leading online business retailer in the world. In 2015 Amazon net revenue was 107.01 Billion US dollars, a major growth from 2013, which was 74.45 billion. (Statista.com). Great marketing strategies contributed to the success to Amazon’s online business by bringing low prices, unlimited inventory, convenience and fast delivery to their customers. Amazon build relationships with third party sellers nationally and internationally, which contributes to 40% of their product sales today (AmazonFresh). The three elements created by Amazon which help contribute to their success: are the fulfillment centers, Amazon Prime, and AmazonFresh. First offering two-day delivery then a later evolving to same-day delivery in select locations, Amazon is slowly working towards surpassing their competitors. With the raise of customer’s orders, many wonder if the company will be able to continue meeting the demands of same-day delivery.

Mr. Bezos and a group of five employees, began work on the software that would become Amazon.com in the garage of his Bellevue home. After a year of crafting an easy to navigate design and researching how to source books, Amazon.com opened for business in July of 1995. The success was instantaneous, by September 1996 sales had reached $15.7 million and Amazon had grown to 100 employees. On May 15, 1997 Amazon.com, Inc. began being publically traded on NASDAQ. “The IPO opened at $18.00 per share or a $1.50 per adjusted for stock splits” (Amazon.com). Amazon continued its rapid growth and the company’s stock split three times before the Dot.com bubble burst at the start of the new millennia. While a slew of Dotcom’s folded during the economic downturn, Amazon endured. In 2001, Amazon sales grew to 3.12 Billion, and earned its first net profit quarter of its existence (referenceforbusiness.com). Amazon began partnerships with major corporations in the form of 3rd party deals to feature their stores merchandise on Amazon’s site but that was just the beginning. Amazon continues to push boundaries and expand its footprint with new ventures, increasing their market share. Amazon manufacturers and produces electronic devices such as cellphones and the E-Reader, Kindle. They offer Amazon Web Services that allows companies to manage their data and websites, advertise, and sell their products all over the world. They even allow Authors, Musicians and Filmmakers

Incorporated in 1994 and launched in 1995 as an online bookstore, Amazon.com was founded by Jeff Bezos with a vision of creating “the everything store” (Stone, 2013) and the largest of its kind; hence, it was named after the largest river in the world (D’Onfro, 2014). In 1997, Amazon announced IPO and trading began on NASDAQ under “AMZN”. That same year, Amazon sold to its one-millionth customer copies of a Windows NT manual and The Royals, Kitty Kelley’s biography of the British Royal family, hand-delivered to Japan by founder Jeff Bezos.

Describe, in brief, the histories of both of Amazon.com and Yahoo.com, and determine the core business of each.

Amazon was created by Jeff Bezos, a computer specialist based out of New York. Jeff identified an opportunity to establish a firm in the internet Industry. After much delegation, he decided to establish Amazon with a foundation in literature. Jeff created a website which went live in July of 1995. Amazon has established itself presently as American electronic commerce and cloud computing company. Amazon focuses on identifying opportunities and establishing themselves within new markets despite formidable competitors. Amazon competes in many different markets such as cellular phones and smart devices, online retailing and advertising, and web services. As Amazon tries to capture markets with innovation it experiences competitors such as Apple, Google, Facebook, and China’s Alibaba. It competes heavily with these companies through strategic acquisitions. Companies like Junglee, HomeGrocer.com, Pets.com, Living.com, provide Amazon with unique and innovative ideas to continue to compete. However not all Amazon ideas are successful, which has led to net losses and a need to satisfy investors. Amazon must continuously develop itself to keep contending with opposing companies.

Amazon first launched in 1995 after founder Jeff Bezos quit his job on Wall Street to begin his online business. Bezos made a list of the possible items that had potential to sell and narrowed his choice down to books. The reason he chose to start an online bookstore was because books were low cost items and demanded universally. Seattle soon became the

Amazon.com or Amazon is an American electrical commerce company that is known for its incredibly diverse selection of affordable products. The company was founded in 1994 by Jeff Bezos as an online bookstore. Over the years, the company diversified the products it offered to incorporate goods such as: electronics, jewelry, clothing, food, furniture, home goods, and many more. Amazon has even begun creating and selling its own brand of goods on its website. Because of the large amount of products and services offered, Amazon.com has now become a one stop shop for many of its customers. When the company had just gone public in 1997, the stock price was a mere $18 dollars a share. Today the company is the market capitalization

Amazon is the largest online retailer that started its business by selling the book (). Jeff Bezos, Amazon’s current president, CEO, and the Chairman, founded the company in 1994 in Seattle, Washington (Wells, Danskin, & Ellsworth, 2016). One year later, Jeff Bezos established the Amazon.com, and the Amazon Associates was launched in 1996. After a year, Amazon went public at $18/share, and the share price increased $41 a share within one year (Wells, Danskin, & Ellsworth, 2016). According to the 2015 Amazon Annual Report, the company has over $100 billion revenue in 2015, and the net income is $596 million.