The recent economic performance of UK is not considered as healthy or encouraging as with the change in government and drastic cuts in public spending, the overall forecasts indicate slow growth rates. According to the estimates made by PWC, UK’s economy will grow only by 1%…
During recession times, the number of consumers referring to websites like Amazon.com and eBay is increasing and people are making money even during recession also. (Gribben, 2009). However, generally the trends are not very encouraging for eBay as its profits fell during recent times and it divested from its Skype business also. (Timesonline.co.uk, 2009).
The case of Amazon is however relatively different as the decline in the book sales on the high street stores is captured by online sellers such as Amazon.(Hall,2010). The profitability of Amazon has therefore risen even during the period of recession and it is generally believed that the Amazon has successfully withstood the credit crunch.(Arthur, 2009). This indicates that Amazon.com might have performed better than eBay during the recessionary period.
As discussed above that the consumers are referring to online sites like Amazon to order their book purchases. It may be important to note that other firms are gradually going out of the business due to credit crunch and it is generally because of this reason that firms like Amazon are gaining more market power and increasing sales in online retailing market. This aspect generally indicates the overall strength of the business model of the firm which is allowing withstanding the recessionary times also.
Fool.com declared amazon.com as one of the five companies which have been able to resist the recession and performed better during the days of downturn in the economy. It is however, critical to note that Amazon has been able to do this mainly due to the fact that smaller companies based on brick and mortar model have failed during the recession. (Munarriz, 2010).
Most of the success of the firm during the recession can also be attributed to the increased sales and acceptability of its state of the art “Kindle” which is used as an eReader for reading books on an electronic device rather than purchasing the ...
Cite this document
(“Literature review: amazon vs ebay Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/403626-literature-review-amazon-vs-ebay
(Literature Review: Amazon Vs Ebay Essay Example | Topics and Well Written Essays - 1500 Words)
“Literature Review: Amazon Vs Ebay Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.net/miscellaneous/403626-literature-review-amazon-vs-ebay.
The firm uses Pay Pal for payment which is one of the fastest, secure, and the largest online transaction medium. The successful purchase of the rights of Skype in 2009 for an amount of 2.75 billion dollars has provided a competitive advantage to eBay (Washington Post, 2009).
Moreover, some of its acquisitions were not doing as well as expected. Its synergies with its customers were also starting to be diminished, with less than flattering observations about the bureaucracy pervading the company. Under new management, improvements to online maneuvering in the website improved and the clients were able to improve on the marketing of their products.
The major reason of Borders failure is its lack of ability to adapt to the needs of the changing world. At a time when online business was growing rapidly, Borders stopped their online business activities by selling its online bookselling business to Amazon. The current generation is increasingly relying on the internet for their purchasing needs.
There are many differences and similarities between these two Companies. On the one hand, Amazon positions itlesf as the Company, which is able to operate globally and sell a wide range of goods and products, but on the other hand, Barnes and Noble is looking forward to occupying a vacant niche of unique books sales.
eBay inc. is an internet consumer corporation of American origin founded in 1995 and located in San Jose, California. The company boasts a multi-billion dollar business status with localized operations globally in over 30 countries (Joyner, 7). eBay.com is an online platform that runs on the eBay website which gives buyers and sellers from all over the world a place to sell and buy a wide variety of both services and goods.
It saves businessmen a lot of cash (Goel, 2007). From the most dashing car, to grandfather’s broken glasses; from numismatic supplies to children’s books, everything that one could see in high-street stores is also most likely available for shopping --
Moreover, some of its acquisitions were not doing as well as expected. Its synergies with its customers were also starting to be diminished, with less than flattering observations about the bureaucracy pervading the company. Under new
What were the internal strengths that may have contributed to the success of marketing your products and meeting your objectives? What are the weaknesses that may have contributed to not completely meeting
organizations with relatively abundant resources, overlooking the resources and skills that more entrepreneurial-oriented firms have to employ in the face of capacity limits, resource constraints, and different business objectives as they seek a competitive advantage through
4 Pages(1000 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Literature review: amazon vs ebay for FREE!