1,651
14
Essay, 2 pages (300 words)

E-business critical thinking

Advertising We'll write a high-quality original custom paper on E-business critical thinking just for you with a 15% discount for the 1st order Use a Discount Use a Discount

E-business

Outline of the company

EBay is among the topmost organization in the ecommerce industry. The marketing company facilitates the transacting of business deals via the internet (eBay, 2011). The renowned internet based company allows businesspersons to interact and carry out their various transactions online. The company runs an internet site, eBay, whereby sellers post their commodities, while buyers purchase from various locations across the globe.

Type of E-business model used by eBay

EBay employs an ecommerce model where consumers and sellers interact for transaction purposes (Burton, 2007). The internet-based company allows sellers post their various commodities for customers to choose from a variety of options. On the other hand, the company also allows customers bid for commodities, which often end in favor of the highest bidder.

E-business model and theories learned in this class

The E-business model (ecommerce) aligns with the theories studies in class, in a wider capacity (Goymer, 2004). The company uses creative approaches in conducting various commercial activities. This is in line with the concepts studied in class whereby creativity plays a vital role in attracting customer. Such creativity also helps the company thrive in various possible commercial aspects.

Relevant market influences on eBay

There are several market influences on eBay, which sometimes work in favor or against the company (Singh, & Waddell, 2004). The company’s market consists of customers who bid for commodities online. Therefore, any fluctuation of customer numbers in the market significantly interferes with the bidding process. When the number of customers is high, demand increases, which in turn increases the bids of various commodities. This eventually leads to increased profits. On the other hand, when the number of customers is low, demand increased, which means a decrease in bids for various commodities. This, therefore, implies decreased demand of a commodity.

References

Burton, W. (2007). Burton’s legal thesaurus. New York, NY: McGraw-Hill.
eBay. (2011). who we are. eBay.
Retrieved on 25 June 2011 from:
http://www. ebayinc. com/who
Goymer, J. (2004). BTEC national e-business. Oxford, OX: Heinemann
Singh, M. & Waddell, D. (2004). E-business innovation and change management. Hershey, PA:
Idea Group Pub.

Thanks for voting and helping us improve!
E-business critical thinking. Page 1
E-business critical thinking. Page 2
E-business critical thinking. Page 3

The paper "E-business critical thinking" was contributed to our database by a real student. You can use this work as a reference for your own writing or as a starting point for your research. You must properly cite any portion of this sample before using it.

If this work is your intellectual property and you no longer would like it to appear in our database, please request its deletion.

Ask for Removal

Create a Citation on Essay

References

PaperPrompt. (2021) 'E-business critical thinking'. 28 November.

Reference

PaperPrompt. (2021, November 28). E-business critical thinking. Retrieved from https://paperprompt.com/e-business-critical-thinking/

References

PaperPrompt. 2021. "E-business critical thinking." November 28, 2021. https://paperprompt.com/e-business-critical-thinking/.

1. PaperPrompt. "E-business critical thinking." November 28, 2021. https://paperprompt.com/e-business-critical-thinking/.


Bibliography


PaperPrompt. "E-business critical thinking." November 28, 2021. https://paperprompt.com/e-business-critical-thinking/.

Work Cited

"E-business critical thinking." PaperPrompt, 28 Nov. 2021, paperprompt.com/e-business-critical-thinking/.

Get in Touch with Us

Do you have more ideas on how to improve E-business critical thinking? Please share them with us by writing at the [email protected]