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Essay / Business review on Amazon Incorporation (inc.)
Amazon Incorporation (Inc.) is an international e-commerce based company engaged in IT services, digital content, online retail and consumer electronics products, including other local service such as grocery , personal care and everyday deals (Amazon.co.uk, 2018). . The Amazon company now operates in most parts of the world, this company has fully grasped and controlled the competition in the UK market. However, this company faces few challenges while marketing its products and services across the UK. . So, the aim of this report is to conduct a research on the business methods of the Amazon company serving the British people. Recently, it was found that Amazon has made significant efforts to solve the biggest problem in its e-commerce business process. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay As Amazon refers to the modern marvel, no other company in all of history has done the complexities of finding, purchasing, and shipping. as an Amazon simply does. Amazon delivers everything as simple as anything in the world to the customer's doorstep. However, for all its brilliance, this company struggled to cross that threshold (Bryman and Bell, 2015). This perfected everything except the last foot, which the company calls the “last foot question.” Besides, it's a problem. With the recent trend, people are now buying tons of their products online, including expensive products such as electronics, personal care, and clothing. Thus, package-based theft has now become a widespread problem. According to the results of the 2015 survey, it was found that approx. 23 million people reported having their packages collected from the customer's home. The objective of the research work can be defined as the difficulties Amazon faces in creating a strong business structure in England. The customers of the said e-commerce company are influenced by the company's many existences in the same industry (Bernard, 2017). Apart from this, changes in the English market retain their effects on the British market. The targets and objectives of the research are given below: To research the existence of a business structure as well as the growth of Amazon in the UK. . Learn about the growing competition from Amazon in the UK market. Restructuring Amazon Database System Security System The research questions can be formulated as follows: What are the current trends affecting the business structure as well as growth of Amazon in England? How is increasing market competition affecting Amazon's business in the UK? Amazon Market Outlook The forty-three analysts further offer twelve-month price forecasts for the Amazon company, which has a median target of around 1,3000.00, with a high price. estimate approximately 1,525.00. Additionally, there is a low estimate of approx. 980.00. The median estimates further represent an increase of +0.52 percent from the last price of around 1,293.32. The recent consensus among 48 investment analysts surveyed is in favor of buying the stock on the Amazon company's website. These ratings have remained stable since last January, when they remained unchanged from the Buy rating. Business Methods Methods of doing business having areas of practice, which makepart of the “Technology Center-3600”. Additionally, this center additionally manages applications associated with various business methods. The practice area associated with business methods includes approx. three working groups, including 3620, 3280 and 3290 (Bryman, 2015). The working group based on 3620 and 3280 may review the request for incentive programs and vouchers; operations-based research; e-shopping (electronic purchases); health care; POS (Point of sale), accounting, inventory; price/cost, shipping, reservations and transportation; finally, business handling. Finally, the 3690 working group is deepening its examination of applications relating to the banking/finance/insurance sector. From the above data, sales revenue between Amazon and major retail stores has been mentioned in terms of concentration of Amazon's growth rather than major retail stores. This chart shows the company's growth generation with retail store competition, in 2010, relative to total sales. The chart above reflects Amazon's long-term growth based on revenue and net profit across England from 1997. This chart shows that in 2008, where the revenue amount was $20 billion dollars, in 2015 it increased to 100 dollars. b. This chart proves the company's upscaling based on the e-commerce market. From the above data, sales revenue between Amazon and major retail stores has been mentioned in terms of concentration of Amazon's growth rather than major retail stores. This chart shows the company's growth generation with retail store competition, in 2010, relative to total sales. Online Sales Growth: For online retailers, Amazon is becoming increasingly intimidating. According to the report released on October 24, 2017, it was found that Amazon could further be responsible for almost half of the e-commerce sales in the United Kingdom in 2017. The space associated with online retail is becoming more and more frightening. individual who is not Amazon. Additionally, Amazon will now have the largest share of e-commerce sales this year, accounting for approximately 44% of every e-commerce euro spent in the UK (Hair and Sarstedt, 2014). In addition, it increased from approx. 38% the previous year, according to the new estimate based on public companies belonging to the e-marketing sector that run research firms. Trends in the e-commerce sector with the importance of Amazon's role in the UK as well as competition: In the global market sector, communication and transportation are becoming very fast. It is easy to obtain any product, regardless of its brand (Bernard, 2017). E-commerce makes the system simple. The strategies adopted by the Amazon company, providing quality service of product delivery, attachment to the world famous company's products help the said company to capture the retail market in England. Apart from this, the technology used to maintain security in the web-based system is effective enough, which is why customer feedback to the companies is positive and the company manages to retain existing customers (Lindlof and Taylor, 2017). On the other hand, it can be said that the structure of the company, as well as the growth of the company, is not totally captured by the said company, because the existence of competitive companies makes the market difficult from the point of commercial view of the Amazon company. In order to structure e-commerce activity in England, Amazon must improve its service sectors and security...