Changes in the economics of information had create the conditions for entirely new business model. The use of the internet has add extra value to existing products and services or to provide the foundation for new products and services.
Business Model
E-Tailer
Transaction Broker
Market Creator
Content Provider
Community Provider
Portal
Service Provider
- E-Tailor is online retail stores
- sells physical products directly to consumers or to individual businesses.
AMAZON
Most people know
Amazon.com as the world’s largest online retailer. While this is where the
company stands in today’s day and age, it is important to note that its history
dates back to when it was founded in 1994.
Jeff Bezos
incorporated Amazon in July 1994, with the website launching to the public a
year later. According to Quora, the original name was going to be “Cadabra,”
but Bezos misheard it as “cadaver.”
It is easy to
believe that Amazon has had loads of success since day one, but this is not
exactly true. In fact, the company has taken many turns over the years to reach
the heights at which it stands today.
Early on, Amazon
was not a retailer of “all things.” Instead, the company focused primarily on
books, the first of which was sold out of Bezos’ garage. Of course, this has
changed quite a bit over the years as the company now sells everything from toys
to clothes to furniture and much more.
In the early
days, it was difficult to look ahead and see Amazon as the number one online
retailer in the world – but this is exactly what happened. The company now has
separate websites for a variety of markets, including: United States, Canada,
United Kingdom, Italy, Japan, and China among others.
Although a lot
has changed for Amazon over the years, the company has remained true to its
roots in many ways.
Interesing Facts About Amazon
