Question

i need essay ASAP. Example with Amazon company

ECONOMICS MODULE ASSESSMENT

The Economics Module assessment covers the Course Objectives and Enablers from Weeks 6 and 7. You will be asked to complete the Microeconomics Applications and the Macroeconomics Applications assigned in Weeks 6 and 7.

You should review the chapters, lessons and the draft assignments from Weeks 6 and 7. The feedback you received on the drafts should be used to help create the final assessments.

The Assessment is due at the end of week 8.

Good luck.

The Economics Module Assessment requires you to finalize the Microeconomics Applications assigned in Week 6 and the Macroeconomics Applications assigned in Week 7.

Answer 1

Amazon

The biggest shark in the ocean of online selling business is none other than Amazon. The most valued and focused as well as perfectly established company which is having the reach in most every corner of the earth. Amazon is know for its customer satisfaction policy. The company has diverse hands affecting its expansion of kilometers everyday. The most important thing to notice in the Amazon's business is that it doesn't reacted as a shark in the real market but acted like Amoeba which has eaten up someone and made him his part of body.

Amazon - The company acts as a single mediocre between the consumer and producer (usually). Amazon is providing a platform to the producers to directly advertise and showcase their product directly to the consumer. the upbringings brought up by amazon into the offline market is gigantic. Comparing the offline market with the Amazon platform it can be easily analysed that producer and directly deal with the EFFECTIVE customers and save money in personal representation, showcasing rates, poster promotions and a lot more. From the consumers perspective their is a great ease in purchases like no time bounds to purchase, doorstep delivery, easy return policies etc.

Conclusively it can be stated that online shopping websites like Amazon are reducing the market pressures through its easy work and money resource is used very effectively.

Amazon started with books and then added pretty much everything you can think of, Add the convenience of having it delivered promptly to your doorstep and customers have rewarded Amazon with open wallets. According to a study from One Click Retail, Amazon accounted for 4% of US retail sales and 44% of US e-commerce sales in 2017. Consumer electronics was the biggest product category in 2017 for Amazon, bringing in an estimated $8.5 billion in sales.

*as the question given above was not focusing on a particular topic the answer is covered of open economic aspects.