Who is better, Amazon.com, Inc. or eBay Inc? That is a question I hope to offer insight on by touching base on the general aspects of each company, their business strategy and financial status. In the end, I'll share with you my preference of company. The one that I feel would use my investments wisely.
General Company Information:
Amazon.com, Inc. (AZMN): Amazon.com, Inc. has been operational on the World Wide Web since July 1995. Today it is listed as a Fortune 500 company and operates several web sites in North America and Internationally. They "seek to be earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavor to offer customers the lowest prices possible." Amazon.com is continuously making changes; new to 2005 is a shipping membership program, Amazon Prime. In this program members pay a yearly fee of $79 and they receive free two-day shipping and discounted overnight shipping. They hope to entice a more loyal and frequent shoppers.
eBay Inc, (eBay): eBay was created in 1995 in Southern California. It is considered as one of today's greatest online auction marketplaces. "We (eBay) currently have two major businesses: the eBay Marketplace and PayPal. Our eBay Marketplace mission is to create the world's online marketplace. Our PayPal Mission is to create the new global standard for online payments." eBay is constantly improving their market position in both North American and Internationally.
Business Strategy:
AMZN: "Our business strategy is to relentlessly focus on customer experience by offering our customers low prices, convenience, and a wide selection of merchandise." Their strategy to achieve this is to improve operating efficiencies, continue to work with third part ...