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E Business By eBay

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Added on  2020-03-23

E Business By eBay

   Added on 2020-03-23

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Student’s Last Name 1E BusinessBy (Name)CourseProfessorUniversityDate
E Business By eBay_1
Student’s Last Name 2Online retaileBayThe eBay is an online retailer that was founded in 1995 and has its headquarters in San Jose, California and has been operating for 22 years now. The company’s chairman is Thomas J. Tierney with Devin Wenig as the company’s CEO. It is among the world’s largest markets with a broad range of products and vibrancy. Buyers and sellers across the world are connected through eBay; they are empowered and presented with opportunities through related commerce. eBay retail provides high value on products together with a different selection. The organization operates in about 30 countries in the internet industry and offers online shopping services (Laudon and Traver, 2013 pp.100). Its operating income in 2016 was US$ 2.3 billion and has employed 12,600 employees. It owns a website managed by the company known as eBay.com.The eBay.com website has now included “Buy It Now” shopping via Half.com. The site has also added online advertisements via eBay classifieds and now facilitates online ticket trading. The company additionally, offers online money transfer services via PayPal. Buyers are allowed to use the money transfer website for free. However, sellers get charged when listing their items and when these items get sold the site (Insley and Nunan, 2014, pp.347).Maximizing financial metrics for continuous cash flow, eBay has subsidiaries such as GittiGidiyor, a Turkish e-shopping mall offering lots of different products, resembling the main eBay website (Sahney, 2015, pp.3). Revenue is generated by the company by a complicated fee for services system; listed products are charged on sellers together with final value fee for sale proceeds. The company is thus able to achieve profit through these transactions.
E Business By eBay_2

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