Question

Do a little research on Amazon and share with everyone your view of its business model beyond just being a e-retailer. Amazon is a lot more - after your research, provide an short overview of how the internet is being used to fuel the growth of Amazon. Again - look beyond the e-retail part of Amazon.

Answer 1

Do a little research on Amazon and share with everyone your view of its business model beyond just being a e-retailer. Amazon is a lot more - after your research, provide an short overview of how the internet is being used to fuel the growth of Amazon. Again - look beyond the e-retail part of Amazon. Answer: Amazon is regarded as largest online retailer in the world, Amazon’s business model works on moving parts or things to the consumer, first of all the company sell the goods directly, Amazon uses its online storefront with a small markup and inventory is located within the large network of warehouses, people visit Amazon website as they can receive trustworthy product at low price and readily available for purchase, then shipping to home or office address, Amazon also provides platform for other retailers to sell products to customers, Amazon created subscription based business model by providing Amazon prime services and small electronic product line, using the prime account, customer usually pay annual charges and secure the applicable services like digital music and Movies, Amazon also gets revenue from e-reader, e-book and Kindle Mobile application purchases offered to kindle owners,

Provide an short overview of how the internet is being used to fuel the growth of Amazon. Again - look beyond the e-retail part of Amazon. Amazon.com consistently used the internet to offer customers a larger selection of Goods at the lower price with respect to its competitors, it further works on strategy like Greater selection and lower price, so customers can be obsessed with the products available on Amazon Online stores, such strategy further evolve Amazon into creating large business model, The Amazon business model is regarded as Amazon flywheel, an economic engine that bringing growth and Massive scale by improving better customer satisfaction through the strategy like lower price and greater selection, further Amazon worked on website analytics, used Internet for driving promotional offer, advertising, Built App for both iphone and Android users, created user-friendly online shopping, further Amazon has embraced Artificial intelligence to deliver goods more quickly, enhanced voice activated alexa assistant and created various tools though using cloud computing divison, further AI and Machine learning can remove many barriers, the power of web analytics, advertising on various media to Television and on the pages we open usually on browser, the analytics can provide information about various customers and market segment along with customer demographics, further Internet use digitization, change the way we customer do shopping, making the same flexible for customers, create flexible and multi options for payment, these are the way Amazon used Internet to fuel growth of their business,