Amazon XXX
Amazon XXX
Amazon XXX
Amazon is one of the American multinational technology company based in Seattle that
concentrates on e-commerce, cloud computing, digital streaming, and AI. It is considered one
among the large Four tech companies, alongside Google, Apple, and Facebook. The Amazon
company was officially a book seller but now has expanded to sell a good sort of commodity and
digital media also as its own electronic devices.
Amazon Company was founded by Jeff Bezos in Bellevue, Washington, in July 1994. Jeff Bezos
incorporated the company as Cadabra in 1994 but changed the name to Amazon for the website
launch in 1995. Bezos is said to have browsed a dictionary for a word beginning with “A” for the
value of alphabetic placement. He selected the name Amazon because it was “exotic and
different” and as a reference to his plan for the company’s size to reflect that of the Amazon
River, one of the largest rivers in the world. The company started as a web marketplace initially
for books but later expanded to sell electronics, software, video games, apparel, furniture, food,
toys, and jewelry. In 2015, Amazon surpassed Walmart because the most precious retailer within
the us by market capitalization. In 2017, Amazon acquired Whole Foods marketplace for
US$13.4 billion, which vastly increased Amazon's presence as a brick-and-mortar retailer.
Amazon has stated that it wants to take advantage of any opportunity that presents itself to the
company during a time of unprecedented technological revolution and it considers itself a
completely customer-centric company, believing that if it doesn't listen to customers, it will fail.
Amazon is guided by four principles: customer obsession rather than competitor focus, passion
for invention, commitment to operational excellence, and long-term thinking. Amazon’s delivery
network is a logistics phenomenon that allows for the delivery of virtually any consumer good to
a shopper’s doorstep in a matter of days or even hours. Ecommerce providers have been under
ever-increasing pressure to match Amazon’s speed and efficiency, and there is no evidence
consumer expectations are easing; a 2018 study found that 43 percent of consumers surveyed
expected “much faster” delivery times that same year, a sharp increase from 2017. Amazon
performs exceptionally efficiently measured against revenue per visitor, which is one of the key
measures for any commercial website, whether it's a media site, search engine, social network or
a transactional retailer or offers travel or financial services. Of course, profit per user would be
quite different due to the significantly lower costs of other .coms like Facebook and Google.