What is Amazon? – Ecommerce Platforms

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What is Amazon?

At the end of June 2018, Amazon had more than $268 billion U.S. dollars worth of market value, making it the largest firm in its industry overall and making it the largest online retailer in the world. Amazon is more than just an online store; in addition to retailing goods, it also provides a platform for individuals and businesses to market and sell their wares online in the hope of generating more revenue. This is just one of the many ways that Amazon differentiates itself from other online stores. It is currently the largest internet retailer in the world based on this criterion due to the fact that its revenue in 2017 was more or less close to 175 billion dollars. In other words, it is close to 175 billion dollars.

Amazon is one of the most widely utilised online marketplaces, and its website can be viewed in a huge number of countries as well as languages. Amazon’s website is available in over 100 different languages. In addition to this, it is one of the online markets that has seen the highest success financially. The Amazon Kindle, in conjunction with the Amazon App Store, is without a doubt one of the most well-known and lucrative products that the company sells. To summarise, Amazon provides businesses of all sizes as well as individual customers with a comprehensive selection of software and infrastructure solutions.

When it was first established in 1994 in the city of Seattle, Washington, Amazon was not much more than an online bookshop at that time. Jeff Bezos founded the company. Amazon has come a long way since its early days when it was only a small bookstore. In the beginning, Amazon was nothing more than a little online bookstore; nevertheless, it has since grown to become the most successful online retailer worldwide and one of the most powerful companies in the world. Not only has it increased the number of products and services that it provides, but it is also now a competitor in the markets for cloud computing, streaming video, and most recently, banking. This is due to the fact that it has expanded the quantity of products and services that it offers. In addition to this, they have increased the overall quantity of goods and services that they provide for the benefit of their clients.

Amazon became the most valuable traditional retailer in the world in 2015, surpassing Wal-Mart as the previous holder of this title. As a direct consequence of this, Amazon has surpassed its competitors to become not just the most valuable online shop in the world but also the most valuable store overall. Furthermore, according to its market valuation, it is the fourth most valuable corporation in all of the globe, ranking behind Alphabet, Apple, and Microsoft in that particular order. In order to enhance its share of the market, the company has, on multiple occasions, chosen to develop new product offers using a methodology that prioritises volume over profit margin. Amazon has been able to achieve extraordinary success with this strategy, as evidenced by the fact that they currently hold a dominant position in a sizable number of the markets in which they are engaged in competition. This success can be attributed to the fact that Amazon has been able to successfully fulfil the needs of their customers.

Amazon operates online stores specific to more than a dozen nations and sends its products to an extremely high percentage of the world’s countries. In addition to this, it serves as a web server for the retail websites of a number of well-known companies, such as Sears Canada, Marks & Spencer, Lacoste, and others. Specifically, it hosts the websites of these companies. In addition to this, it is the parent company of more than forty additional businesses, some of which include Zappos, Diapers.com, Goodreads, and IMDb, amongst a very large number of others.

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By Master James

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